China’s State Grid Plans First Dim Sum Bond as Yields Near Lows

State Grid Corp. of China is considering its first-ever dim sum bond of 4 billion yuan ($557 million), according to people familiar with the matter, as near-record-low borrowing costs in the offshore yuan market draw more issuers.

The state-owned firm will market the offering, which includes five-year and 10-year notes, as early as June, the people said, asking not to be identified as the matter is private.

A low-cost environment has been luring global borrowers to the world’s second-largest debt market. The move will position the electricity networks operator alongside Swiss food conglomerate Nestle SA and Singaporean port service firm ...