US Investors participates in dollar bond deal with China amid political standoff

Syed Umarullah HussainiWeb Editor

15th Oct, 2020. 11:54 am
US investors

The Government of China has raised six billion in dollar bond issue that was offered to the United States (US) Based Investors, for the first time in history.

According to the details,  the bond has been issued just a few weeks before November 3 election.

As per the data, China has carried out four dollar deals and one euro deal in the past three years.

China has offered a bond deal to U.S.-based investors who were most active in the longer-dated tranches of the transaction, for the first time.

It should be mentioned here that the rising tensions between the US and China have not deterred the investors from participating in the deal.

The deal was finalized on Wednesday as signs emerged the political standoff between the China and US showed no symptoms of easing.

On June 23rd White House trade adviser Peter Navarro in his recent statement said that the trade deal with China is “over,”.

Peter Navarro linked the breakdown in part to Washington’s anger over Beijing’s not sounding the alarm earlier about the coronavirus outbreak.

Navarro is an interview said the “turning point” came when the United States determined about the spreading coronavirus only after a Chinese delegation had left Washington following the signing of the Phase 1 deal on Jan. 15.

Peter Navarro said, “It was at a time when they had already sent hundreds of thousands of people to this country to spread that virus, and it was just minutes after wheels up when that plane took off that we began to hear about this pandemic,”.

Donald Trump administration repeatedly has blamed Beijing for not being transparent about the outbreak.

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