China to Start 1 trillion yuan Ultralong Debts Sale on Friday

  

China to Start  1 trillion yuan Ultralong Debts Sale on Friday

Chinese Premier Li Qiang announced the bond sale plan in a March report to raise funds to support mega projects and strategic sectors.

China will start selling the first batch of its 1 trillion yuan ($138 billion) of ultra-long special sovereign bonds on Friday, as officials ramp up efforts to support the world's No. 2 economy. The central government will begin by issuing 30-year bonds, according to a notice by the Ministry of Finance.