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China’s Cash on Table in Fresh Euro Bond Sale

A 4 EUR billion sale of new debt bonds on Wednesday showed investor demand is still strong for the sovereign.

This strong demand comes despite concerns mount about the state of the corporate bond market domestically.

However, China missed a trick by not issuing a green tranche, as it had suggested was possible at an investor forum last October, with the COP26 climate change conference still a few days behind.

The fresh Euro bond sale would mean that China has no problem raising debt internationally, nor should it have any problem with an A+ credit rating.

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