Chinese power generation firm debuts its first euro-denominated offering, upsizing it from an initial €500 million as yield-hungry European investors clamour for the notes.
Chinese state-owned firms Beijing Enterprises and Yuexiu Transport successfully raised €700 million by selling euro-denominated bonds to yield-starved eurozone investors.
The facility will make available a maximum of Rmb350 billion to the ECB and up to €45 billion to the People’s Bank of China, and is an important step forward in the internationalisation of the renminbi.
The world’s largest buyer of LNG sells the first euro bond from a South Korean corporate since June as Asian companies line up to take advantage of the lower borrowing costs on offer.