Quick sell-out expected for Beijing’s first dollar bonds since 2004
Investors will snap up China’s US dollar-denominated sovereign bonds, analysts predict.
The US$2 billion expected to be raised by China’s first sale of dollar bonds in 13 years is a mere drop in the bucket for Beijing and its US$3.1 trillion in foreign exchange reserves. But the issue itself symbolises China’s financial and economic strength after two agencies lowered the country’s sovereign rating in the past six months, according to analysts.
“The bonds will be…
Source: China News
Link: Quick sell-out expected for Beijing’s first dollar bonds since 2004