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China’s first bond offer to US investors draws record demand

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China sold dollar debt directly to US buyers for the first time, with a $6 billion offering drawing record demand on the back of China’s economic recovery from the coronavirus fallout and despite tensions with the United States.

The billions of dollars of bonds sold by the ministry on Thursday was 4.5 times oversubscribed, attracting $27 billion in total orders, according to bankers on the deal.

The Chinese government’s move to directly . . .

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