By the end of July China will have issued 240 billion (approx. USD$33.91 billion) in special anti-Coronavirus sovereign bonds (抗疫特别国债) in three batches according to the Ministry of Finance (MOF).
A MOF spokesperson told state-owned media that the anti-Coronavirus special sovereign bonds will be issued from the middle of June to the end of July, and that the authority had given consideration to existing market conditions in preparing for the issue.
The three batches of anti-Coronavirus special sovereign bonds include:
- A first batch of 50 billion yuan in five-year instruments with a coupon rate of 2.41%, for which trading will commence on 3 July;
- A second batch of 50 billion yuan in seven-year instruments with a coupon rate of 2.71%, for which trading will commence on 6 July.
- A third batch of i) 70 billion yuan in ten-year instruments with a coupon rate of 2.77%, for which trading will commence on 3 July and ii) 70 billion yuan in ten-year instruments with a coupon rate of 2.77% for which trading will commence on 7 July.
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