China markets debut yuan green sovereign bonds in Canada with issuance capped at 4 billion yuan
China is marketing yuan-denominated green sovereign bonds in Canada for the first time, with preliminary yield guidance of about 1.8% for three-year bonds and 1.9% for five-year bonds. The Finance Ministry has announced plans to issue up to 4 billion yuan this week, with Royal Bank of Canada serving as a joint bookrunner. The transaction remains in the marketing stage; the yield guidance is not final pricing, and the announced ceiling is not a confirmed issuance total.