China has released initial price guidance for its latest euro-denominated sovereign bond issuance, with a term sheet showing plans to raise €4 billion across two maturities. Investors were guided to a 4-year tranche at mid-swaps +28 bps and a 7-year tranche at mid-swaps +38 bps, according to documents reviewed by Reuters.This marks Beijing’s continued use of offshore euro funding—a strategy China has pursued for several years to diversify its investor base, deepen financial ties with Europe, and avoid over-reliance on U.S. dollar markets at a time of heightened geopolitical and currency sensitivity. Euro bonds also help China tap demand from European institutions seeking high-grade sovereign credit with modest yield pick-up over core markets.Such issuance has become a recurring part of China’s annual funding plan, showcasing its commitment to maintaining a presence in global capital markets and signalling confidence in its credit standing. This article was written by Eamonn Sheridan at investinglive.com.