Bank of China sells $2 billion triple-header bond

Chinese bank demand for dollar assets enables Bank of China to price through its curve.

Bank of China sells $2 billion triple-header bond

Bank of China Hong Kong sold $2 billion through a multi-tranche Reg S offering on Tuesday, the first Chinese lender to raise offshore funds since turbulence in Chinese financial markets and the Lunar New Year holiday kept the primary market largely shut.

Chinese banks' high demand for dollar-denominated assets at a time of renminbi weakness meant Bank of China could get away with pricing through its secondary curve and still retain a healthy order...

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