China to issue 1 trillion yuan of ultra-long treasury bonds from May 17, sources say

SHANGHAI, May 13 (Reuters) – China plans to begin raising funds through the issuance of long-term bonds this week, with the bulk of the one trillion yuan ($138.24 billion) bonds having tenors beyond 30 years, sources with direct knowledge of the plans told Reuters on Monday.

The sources said there would be 300 billion yuan ($41.47 billion) worth of 20-year bonds, 600 billion yuan worth of 30-year bonds and 100 billion worth of 50-year bonds which would be issued from May 17. ($1 = 7.2337 Chinese yuan renminbi) (Reporting by Shanghai markets team; Editing by Kim Coghill)

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