China to issue new round of euro sovereign bonds in Luxembourg

China's Ministry of Finance announced on Tuesday that, with the approval of the State Council, it will issue euro-denominated sovereign bonds in Luxembourg during the week of June 22, with the size not exceeding 5 billion euros (about 5.8 billion U.S. dollars).

Specific issuance arrangements will be announced separately before the issuance.

The Ministry of Finance, on behalf of the central government, successfully issued 4 billion euros of sovereign bonds in Luxembourg on November 18, 2025, which marked the first time that China issued euro-denominated sovereign bonds in the country.

The bonds were warmly received by the market, with international investors subscribing enthusiastically. Total subscription reached 100.1 billion euros, 25 times the issuance amount.

Iranian Foreign Minister Seyed Abbas Araghchi on Wednesday discussed with his Russian counterpart Sergei Lavrov the memorandum of understanding (MoU) between Iran and the United States on ending the war.

In a phone call, Araghchi briefed Lavrov on the peace MoU's details, highlighting the U.S. responsibility to properly implement the deal's provisions as well as the necessity to stop Israel's "aggressions" against Lebanon, according to a statement released by the Iranian Foreign Ministry.

Lavrov welcomed the MoU's finalization, voicing his country's support for the implementation of the agreement's provisions.

The two foreign ministers called on the international community and UN Security Council to support the MoU, stressing the need for the continuation of diplomatic cooperation among regional countries to ensure peace and stability, according to the statement.

They also discussed bilateral ties as well as regional issues of common interest.

The United States, Pakistan and Iran early Monday announced the finalization of the MoU on ending the war following weeks of negotiations, adding that it will be officially signed in Switzerland on Friday.

On Feb. 28, Israel and the United States launched joint attacks on Tehran and other Iranian cities. Iran responded with waves of missile and drone attacks targeting Israel and U.S. bases and assets in the region.