China hires 12 lenders for bond offering

HONG KONG: China has hired 12 banks including Bank of China, Goldman Sachs, Deutsche Bank and China Construction Bank for its second sovereign dollar bond offering in over a decade.

Other banks on the deal are Bank of Communications , China International Capital Corporation, J.P. Morgan, CTBC Bank, Mizuho Securities, Standard Chartered Bank, HSBC and Credit Agricole CIB, according to a mandate announcement.

The latest bond sale comes at a time when China and the United States are locked in a bitter trade dispute with no signs of backing down. Investors and policymakers fear the tariff row could further hurt China’s already slowing economy.

China last sold a global bond in October last year, when it raised US$2 billion (RM8.28 billion), its first such sale since 2004.

A fixed income investor meeting would be held, here, on October 9, the mandate announcement showed.