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China announces final price guidance on 6 billion yuan of green bonds, according to term sheets

China announces final price guidance on 6 billion yuan of green bonds, according to term sheets

According to a termsheet seen by, China has set final price guidance for green bonds with a three-year and five-year maturity to raise 825 million yuan.

The term sheet stated that the price guidance for a three-year bond was 1.88%, and the price guide for a five-year tranche was 1.93%.

The green bond issued by China's Ministry of Finance is the first of its type by China in an overseas market.

The Chinese finance ministry was not immediately available for comment after regular business hours.

According to a termsheet, the initial price guidance for Wednesday was that the bond would be around 2.3% over three years and around 2.35% over five years.

The deal size has been limited to 6 billion yuan.

The deal was announced by the Ministry of Finance of China on March 19. It followed a China-UK Economic and Financial Discussion in Beijing in January, which was chaired jointly by British Finance Minister Rachel Reeves and Chinese Vice Premier He Lifeng. Reporting by Scott Murdoch, Editing by Andrew Heavens & Hugh Lawson.

(source: Reuters)