BEIJING (Reuters) – China sold $ 6 billion in international bonds on four tranches because lending costs have fallen dramatically this year, news reports said on Wednesday.
On the other hand, the 5-year tranche scored about 40 basis points, while the 10-year tranche scored about 50 basis points. Finally, the 20-year tranche scored about 70 basis points higher than US bonds.
Bloomberg reported earlier that China’s economic performance data showed that economic growth continued to slow in November, with growth reaching a three-decade low in the third quarter of this year.