China starts marketing debut green sovereign bonds in Canada
China has begun marketing yuan-denominated green sovereign bonds in Canada for the first time, following plans for an offering of up to 4 billion yuan. Initial yield guidance for the three- and five-year notes is around 1.8% and 1.9%, respectively, according to people familiar with the matter. The people said the notes may be priced later Monday and Royal Bank of Canada is a joint bookrunner.