China to sell first dol­lar bonds in 13 years

The Phnom Penh Post - - BUSINESS -

CHINA yes­ter­day an­nounced plans to sell its first dol­lar­de­nom­i­nated sovereign bonds for 13 years de­spite re­cent down­grades to its credit rat­ing. The $2 bil­lion of­fer­ing, an­nounced by the fi­nance min­istry, is a drop in the bucket for China, which has sold 2.4 tril­lion yuan ($366 bil­lion) of cen­tral gov­ern­ment debt this year, ac­cord­ing to Bloomberg News.

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