China Dollar Bond Sales Set for Record as Want Want Markets Debt
This article is for subscribers only.
Want Want China Holdings Ltd. and China Railway Construction Corp. are marketing U.S. dollar-denominated bonds as offerings by borrowers in Asia’s biggest economy head for the biggest quarter on record.
China Railway Construction, the Beijing-based track builder, is selling 10-year notes to yield about 180 basis points more than similar-maturity Treasuries, a person familiar with the matter said, asking not to be identified because the terms aren’t set. Want Want, a manufacturer of rice cakes and beverages, is offering five-year bonds at a spread of about 140 basis points, a separate person said. The company hasn’t sold dollar notes previously, data compiled by Bloomberg show.