China is going back to European bond markets in a big way. The Ministry of Finance is marketing up to €5 billion in euro-denominated sovereign bonds, which would make it one of the country’s largest euro bond offerings ever.
The issuance is slated for the week of June 22, 2026, with the bonds set to be listed in Luxembourg. It marks China’s first euro sovereign bond sale targeting the EU since 2019.
The deal structure and who’s running it
The syndicate reads like a who’s who of global finance. Bank of China, BofA Securities, Citigroup, Goldman Sachs, HSBC, JPMorgan, Agricultural Bank of China, and Deutsche Bank are all involved in shepherding the deal to market.
Depending on how investors respond, the offering could include three separate tranches with maturities of five, eight, and twelve years.
