China Default Fears Curb Year-End Sales of New Dollar Bonds
- China Inc. dollar bond sales hit a seven-month low in November
- Small window for firms to sell debt before holidays: Barclays
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Demand for Chinese debt is falling amid investor concern over a string of defaults by state firms and the pressure of U.S. sanctions on some of the nation’s firms.
Chinese companies issued $9.9 billion of new dollar bonds in November, the lowest in seven months and down 52% from October’s total, according to data compiled by Bloomberg. The decline accelerated last week, when just $660 million was sold, the smallest amount since May.