China’s Record Dollar-Bond Flood Leaves Buyers Wanting More
- Orders for Chinese debt were 7.6 times issuance size in August
- Central bank support, economic rebound boost investor demand
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Demand for dollar bonds from Chinese issuers soared to a fresh high as the nation’s economic recovery gained momentum.
Orders for Chinese offerings rose to 7.6 times their issuance size in August, the highest ratio since Bloomberg began collecting available deal statistics in 2016. Bonds of all Asian issuers, excluding Japan, were 6.8 times subscribed, the highest since March 2019, the data show.