SINGAPORE, June 17 (Reuters) – China’s finance ministry has
hired a group of Chinese and global banks to arrange a possible
sale of euro-denominated bonds, a term sheet seen by Reuters on
Wednesday showed.
The deal may include bonds due in five, eight and 12 years,
depending on market conditions. No information on the potential
size was provided.
China’s finance ministry said on Tuesday it planned to sell
up to 5 billion euros ($5.80 billion) of sovereign bonds in
Luxembourg in the week of June 22, with final details to be
announced before the sale.
China last sold euro bonds in November, when it raised 4
billion euros through a two-part deal that drew strong investor
demand.
Wednesday’s term sheet showed the mandated banks were Bank
of China, Bank of Communications, Agricultural Bank of China,
BofA Securities, China Construction Bank (Asia), China
International Capital Corporation, Citigroup, Credit Agricole
CIB, Deutsche Bank, Goldman Sachs (Asia), HSBC, ICBC, JPMorgan,
Societe Generale, Standard Chartered Bank and UBS.
($1 = 0.8620 euros)
(Reporting by Yantoultra Ngui, Editing by Louise Heavens)
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