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China sovereign bond sale attracts US$27 billion in international orders, embraced by US traders – NEWPAPER24

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China sovereign bond sale attracts US$27 billion in international orders, embraced by US traders

2020-10-15 05:07:11

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US institutional traders shrugged off rising tensions between Washington and Beijing, making long-term bets on China in a US$6 billion international providing of sovereign debt on Wednesday.It was the primary time the Ministry of Finance marketed on to US-based institutional traders because it resumed issuing worldwide debt in 2017 after a 13-year hiatus. The order guide was 4.5 occasions oversubscribed, attracting US$27 billion in whole orders.American institutional traders accounted for 15 per…

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