China to start selling ultra-long term sovereign bonds
Authorities will start selling 30-year bonds as first stage of major fiscal stimulus
The Chinese government will start issuing ultra-long special sovereign bonds to support the economy, the finance ministry said today (May 13).
The central government will start selling 40 billion yuan ($5.5 billion) of 30-year bonds on May 17, with the final batch on sale in November. Authorities will also start offering bonds with 20-year and 50-year tenors from May 24 and June 14 respectively.
In March, Chinese premier Li Qiang first revealed plans to issue “ultra-long term special government
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