HONG KONG, Oct 15 — China has raised US$6 billion (RM24.9 billion) in a dollar bond issue that was offered to US investors for the first time just weeks before the November 3 election, a term-sheet reviewed by Reuters showed. The deal, the fifth foreign currency denominated bond since China...
Newly redesigned US$100 notes lay in stacks at the Bureau of Engraving and Printing on May 20, 2013 in Washington, DC. — AFP pic
The deal, the fifth foreign currency denominated bond since China reinstated its offshore debt sales programme in 2017, attracted US$27.2 billion in orders, the term-sheet showed.The debt was priced at 25 basis points above US Treasuries for the US$1.25 billion three-year tranche, 30 basis points for the US$2.25 billion 5-year tranche, 50 basis points for the US$2 billion 10-year tranche and 80 basis points for the US$500 million 30-year tranche, the term-sheet showed.
It was the first time China has offered debt to US-based investors who were most active in the longer-dated tranches of the transaction. The rising tensions between Washington and Beijing did not deter US-based investors from participating in the deal, according to one person with direct knowledge of the matter.“We did not see the geopolitical situation scaring people away,” he said.
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