China Begins to Market Its First Dollar Bonds in Three Years

China started marketing dollar bonds in Saudi Arabia, marking the country’s first debt sale in the US currency since 2021.

It’s offering the three-year and five-year securities with initial price guidance of about 25 basis points and 30 basis points over the respective US Treasury yields, according to people familiar with the matter. The Ministry of Finance said earlier this month that it plans to sell up to $2 billion of notes.