China is taking advantage of low global yields to raise $6 billion in its largest-ever dollar bond sale.
The deal found strong demand, showing that investors are eager to lend to China despite the challenges posed by the country’s slowing growth and trade tensions with the U.S.
The four-part deal sets a record, according to Dealogic. It comes after China sold $3 billion of dollar debt last year and $2 billion the year before.
Emerging-market debt has attracted robust appetite from investors this year, as interest rates on government bonds issued by rich nations such as Germany and Japan have turned negative.
China’s issuance is the third-largest dollar bond sale by an emerging-market country this year, according to Dealogic. Qatar and Saudi Arabia sold bonds totaling $12 billion and $7.5 billion respectively in the first quarter.
An expanded version of this report appears on WSJ.com.
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