Global investors can settle the bonds within Brussels-based Euroclear Bank’s network, BOC says. Photo: Reuters Global investors can settle the bonds within Brussels-based Euroclear Bank’s network, BOC says. Photo: Reuters
Global investors can settle the bonds within Brussels-based Euroclear Bank’s network, BOC says. Photo: Reuters
China economy
Business /  Markets

Bank of China raises US$500 million in first offering of Yulan bonds, as Beijing seeks to tap funding in Europe

  • The bonds, which have a maturity of three years and carry an annual interest rate of 0.86 per cent, were oversubscribed four times
  • Named after a Chinese magnolia variety, the bonds are denominated mainly in US dollars and euros

Topic |   China economy
Zhang ShidongDaniel Ren
Zhang Shidong in Shanghai and Daniel Ren in Shanghai

Updated: 11:04pm, 4 Feb, 2021

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Global investors can settle the bonds within Brussels-based Euroclear Bank’s network, BOC says. Photo: Reuters Global investors can settle the bonds within Brussels-based Euroclear Bank’s network, BOC says. Photo: Reuters
Global investors can settle the bonds within Brussels-based Euroclear Bank’s network, BOC says. Photo: Reuters
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