The plan is to list the debut green offering in London, highlighting China’s recent efforts to build closer bilateral financial ties with the UK. China’s government earlier held an investor conference in the city and has ambitions of tapping a European market that’s the world’s largest buyer of sustainable debt.
China has pulled more than CNY37 billion ($6.84 billion) of investor bids for its first-ever sale of a green sovereign bond, as it looks to raise as much as CNY6 billion.
The Chinese Ministry of Finance set the initial price guidances of the three-year and five-year offshore CNY-denominated notes at yields of around 2.3% and 2.35%, according to a person familiar with the matter. The notes could be priced as early as today.
