A flurry of bonds issued by small Chinese firms in US dollars this week have been met with healthy demand from investors as market sentiment improves amid an easing of US-China trade tensions and signs of monetary easing.
Road King Infrastructure, a Hong Kong-listed developer with annual sales revenue of 37.2 billion yuan (US$5.53 billion), saw its 2.25-year bonds over subscribed by more than 10 times on Thursday. The US$400 million of notes received US$4.1 billion in orders from mostly Asian…
Source : South China Morning Post
Read more…Chinese firms’ US dollar bonds snapped up as hopes of trade war breakthrough boost confidence















