China mandates 14 banks for US$4b US dollar bond issuance

Moodys said on Monday it has rated the proposed issuance as A1, its highest ranking, with a stable outlook.

HONG KONG: China has mandated 14 banks for the planned issuance of dollar-denominated, multi-tranche bonds, subject to market conditions, according to a term sheet seen by Reuters on Monday.

The deal will raise about $4 billion, according to two sources with direct knowledge of the matter.