Benchmark 10-year yield falls as much as 5 basis points to a low of 2.71% in early trade on Wednesday, its lowest since June 2020

Developers' shares rose on Tuesday after news of Shanghai Pudong Development Bank's plan to raise $790 million via three-year bonds through China's interbank market for project buy-ups

Conglomerate says it bought back $5 million worth of its July 2022 notes and $5 million of its April 2026 notes from the open market

Market analysts said the size of the rate cut and the timing were a big surprise, and they believe further monetary stimulus could follow.

China Evergrande reached a deal with bondholders to delay redemption and coupon payments for a 4.5 billion yuan ($707.52 million) bond

Bond markets in Asia are likely to stay resilient even as the US Federal Reserve begins to unwind stimulus and hike interest rates this year, economists said

The issue consists of one tranche, and price guidance to investors has been set at Treasuries plus 210 basis points, the term sheet said

Outstanding overseas institutional holdings of interbank bonds rose to a total of 4 trillion yuan ($628 billion) at the end of last year

A slide in bond prices has pushed the 10-year Treasury yield to 1.769%, its highest since early 2020

The conglomerate raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year and $750 million in a 40-year deal

Lender has been operating in the Australian market since 1982, primarily focusing on structured finance activities in the infrastructure, real estate and energy sectors

The third runway project "is almost equal to building a new airport next to the existing one", the authority has said