China prices its first perpetual bond

The country is actively promoting its first perpetual bonds after a failed trial earlier in the year, but the market still has reservations.
Last week, China’s interbank market saw a rate spike, with the seven-day repo rate climbing as much as 2.9% to 6.9% at one point.
Last week, China’s interbank market saw a rate spike, with the seven-day repo rate climbing as much as 2.9% to 6.9% at one point.
October 30, 2013

China is set to finally see its first onshore perpetual bonds after an initial trial failed earlier this year but hopes are slim that more will follow suit anytime soon. 

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