China has attracted purchase orders exceeding $40 billion. China is the first offering of dollar bonds since 2021 in Saudi Arabia, and the amount of purchase orders is 20 times greater than the value of the bonds offered for sale.
Chinese Finance plans to sell $2 billion in bonds, offered in two tranches for 3 and 5 years.
Saudi Arabia is an unusual location for such an offering and London, New York and Hong Kong are usually chosen for such transactions and the large order volume may reduce the yield premiums specified in the indicative price.
