China issues 5 billion euros of sovereign bonds in Luxembourg

China's Ministry of Finance announced on Friday that it successfully issued euro-denominated sovereign bonds worth 5 billion euros (about 5.7 billion U.S. dollars) in Luxembourg on Thursday.

Five-year bonds with a yield of 2.768 percent were sold for 2.5 billion euros, eight-year bonds with a yield of 2.966 percent raised 1.5 billion euros, and 12-year bonds with a yield of 3.212 percent netted 1 billion euros, the ministry said in a statement on its website.

The bonds were warmly received by the market with international investors subscribing enthusiastically, according to the statement, which said that total investor subscriptions reached 24.8 billion euros, nearly 5 times the issuance amount.

China issued euro-denominated sovereign bonds in Luxembourg for the first time in November 2025.

The Ministry of Water Resources on Saturday activated a Level-IV emergency response for flood control in northeast China’s Liaoning and Jilin provinces, after recent heavy rains raised the risk of flooding.

From Saturday through Monday, cumulative precipitation in northern and western Liaoning, as well as most of Jilin, is expected to reach 40 to 60 millimeters, with some areas possibly exceeding 100 millimeters, according to the ministry.

Several rivers, including the middle reaches of the Hunhe and Suzi rivers in Liaoning, and the Huifa, Xiaogushan, and Aolong rivers in Jilin, are forecast to rise above flood warning levels.

In response, the ministry dispatched two working groups to the affected areas on Saturday to guide local flood prevention efforts.

Around 09:05 on Saturday, heavy rain and upstream inflows pushed the water level at the Gongnong Bridge hydrological station on the Hunhe River in Liaoning, to 37.40 meters, with a flow rate of 1,980 cubic meters per second, and levels continued to rise.

In response, the Liaoning Provincial River and Reservoir Management Service Center issued a blue flood warning, urging units along the river and the public to step up prevention measures. It marked the first flood warning issued in Liaoning this year.