China returns to dollar bonds with $6bn mega-deal

China_flag_Great Wall_PA 27Nov2019
By Morgan Davis
27 Nov 2019

China deepened its dollar debt curve on Tuesday with a $6bn jumbo bond. With its biggest dollar deal yet, the sovereign has set a new benchmark for issuers from the country.

The debt sale followed China’s outing in the euro bond market earlier this month. That trade was worth €4bn, split between seven, 12 and 20 year notes. The new deal means China has now raised more than $10bn from the G3 bond markets this month — a startling amount ...

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