Rate cuts spur China dollar bond rush

Chinese phone equipment maker Huawei, property developer Agile and clean energy firm China General Nuclear Power collectively raise $2.1 billion in bond finance.

Three Chinese borrowers — Huawei, Agile, and China General Nuclear Power — priced Reg S-only offerings late in the Asian day on Tuesday, taking advantage of the improved investor mood following China’s interest rate cuts at the weekend.

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