China is the continent's biggest bilateral creditor but most debt is due to private Western holders of African debt, the report says

The Finance ministry said the sale was the biggest by a sovereign issuer in Japan's debt market this year, amid choppy global market conditions due to monetary tightening and geopolitical tensions

Local governments will need to issue another $210bn in special bonds this month if they want to meet the cabinet's half-year goal

The government announced it would raise fuel prices after an agreement with the IMF that included an end to fuel subsidies, allowing the resumption of aid

The bonds will go on offer between June 13 and June 30 and will be the last batch of a record 165 billion baht issue planned for the current fiscal year

The move comes amid reports the government faces a cash shortfall of up to 6 trillion yuan (nearly $900 billion) because of the plunge in land sales and other tax revenue

The gap between 10-year yields on Chinese and US government bonds has vanished for the first time in more than 10 years

The issue will be one of the first by a Chinese developer this year in a US dollar bond market amid concerns about the health of the property sector after a series of defaults

The 5-year notes carry a coupon of 4.40%, while the 10-year notes have a 4.70% coupon, below the sovereign's initial price guidance

Exchange-traded funds and foreign mutual funds that invest in Chinese yuan bonds saw a record outflow – of $2.3 billion – in the week to May 18, according to Refinitiv Lipper data

Overseas investors held Chinese bonds valued at 3.77 trillion yuan ($558.77 billion) at the end of April, according to calculations, down 2.8% from a month earlier

The developer had been struggling to secure bondholders consent for the notes due in May and July 2022 totalling $729 million.