Commentary & Deal Flow

The People's Republic of China, acting through the Ministry of Finance, has mandated Bank of China, Bank of Communications, Agricultural Bank of China, BofA Securities, China Construction Bank (Asia), China International Capital Corporation, Citigroup, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs (Asia) L.L.C., HSBC, ICBC, J.P. Morgan, Societe Generale, Standard Chartered Bank and UBS as Joint Lead Managers and Joint Bookrunners.

A proposed offering of Euro-denominated Regulation S (Category 1) 5-year, 8-year and 12-year senior unsecured bonds will follow, subject to market conditions.