China Targets U.S. Buyers with $6 Billion Dollar Debt Sale

(Bloomberg) — China is pressing ahead with a dollar bond sale amid growing uncertainties over U.S. elections and tensions with Washington.For a fourth straight autumn, China is looking to sell dollar notes with three-year, five-year, 10-year and 30-year maturities Wednesday, according to people familiar with the matter who aren’t authorized to speak publicly. Some of the shorter-dated bonds have lower premiums than in 2019 during the initial marketing phase of the nation’s last dollar bond sale.The country’s Ministry of Finance is seeking to raise about $6 billion via the new notes, Bloomberg reported previously. The sale had attracted orders of …read more

Source:: Yahoo Finance

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