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

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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 tap US investors just weeks before a presidential election reflects confidence that calls to decouple the world’s two biggest . . .

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