China issues €4bn sovereign bond in Luxembourg

The second foreign currency-denominated sovereign bond from China within a month has seen record popularity, and was oversubscribed 25 times.
November 20, 2025

China’s Ministry of Finance (MoF) has priced a dual-tranche of €4 billion ($4.6 billion) sovereign bonds, the latest foreign-currency fundraising move by the country. The four-year, €2 billion tranche was priced at 2.401%; while the seven-year, €2 billion tranche was priced at 2.702%.

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