China to reset country’s bond curve with new deal
China is preparing to challenge South Korea as the tightest-priced sovereign issuer in Asia, as it lines up its first dollar bond in a decade next week. The market expects China to take an aggressive approach for the deal, which could reset the curve for all of the country’s debt issuers. Morgan Davis reports.
The country has tantalised investors for months with plans for a sovereign bond, and while much remains to be officially announced, bankers and investors expect a move soon.
“The deal is pretty much done,” Arthur Lau, co-head of emerging market fixed income and head of Asia ex-Japan
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