Reported about 17 hours ago
China entered the international bond market, raising $4 billion through the sale of dollar bonds on Wednesday, as easing tensions with the U.S. fostered investor interest. The Ministry of Finance issued $2 billion each in three- and five-year notes, drawing over $118 billion in orders. The funds will be allocated for general government use, and this issuance aligns with China's goal to create a reliable yield curve for local firms amidst a resurgence in dollar-note sales following the property crisis and prior interest rate hikes.
Source: YAHOO