Global marketsUpdated November 9

China launches first yuan green-bond sale in Canada.

China’s Ministry of Finance announced on Nov. 5 that it would issue yuan-denominated green sovereign bonds in Canada during the week beginning Nov. 9, with the offering capped at 4 billion yuan, described as up to $600 million. Forbes Middle East, citing Bloomberg and unnamed sources, reports the sale launched on Nov. 9 and the order book had topped $6 billion by midday in Hong Kong—more than 10 times the planned offering. That is the order book, not the sale total; the announced cap is 4 billion yuan. The bonds are marketed in Canada but reportedly listed in Hong Kong. The report calls it China’s first offshore yuan-denominated issuance outside Hong Kong, Macau and London.

1 publisher1 report

Coverage started November 9