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China begins sale of a 4-part USD-denominated bond offering - BBG
China begins sale of a 4-part USD-denominated bond offering - BBG
— DailyFX Team Live (@DailyFXTeam) October 19, 2021
Added at 9:15pm
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Yuan Payment Due; China to Sell Dollar Bonds: Evergrande Update
China Evergrande Group’s onshore real estate unit is scheduled to pay yuan bond interest due Tuesday, in another test for the beleaguered property developer whose debt crisis threatens the outlook for Asia’s biggest economy. Evergrande’s troubles are leading to more scrutiny for a global dollar bond sale by China that’s planned Tuesday. The Ministry of Finance expects to raise $4 billion from the offering in Hong Kong, a third less than the $6 billion in each of the past two years and the least since 2018, according to Bloomberg-compiled data. China’s central bank said risks posed to the domestic economy by ... (full story)