Reported 11 days ago
China has successfully entered the dollar bond market for the first time since 2021, receiving over $40 billion in bids for its new issuance, significantly exceeding the bonds offered. This initiative is part of broader efforts to support the Chinese economy amid financial struggles, with the bond yields only slightly above those of US Treasuries. The bonds will be available globally, with notable sales in Saudi Arabia, reflecting strengthened ties between the two nations.
Source: YAHOO