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by Legal Desire
1 December 2025

Linklaters advises the PRC government on its first-ever €4bn sovereign bond issuance in Luxembourg

Advising firms

Deal team

5 lawyers named
LawyerFirmSeniorityPracticeOffice
William Liu Lead Linklaters Partner capital markets Not stated
Min Fang Lead Linklaters Partner capital markets Not stated
Nicki Kayser Linklaters Partner Not stated Luxembourg
Delphine Horn Linklaters Not stated Not stated Not stated
Laurent Benoit Linklaters Not stated Not stated Not stated

Stated terms

Stated value
EUR 4bn (€4bn)
What the figure measures
Issue size
Client
Ministry of Finance of the People's Republic of ChinaIssuer
Counterparties
Not stated