Global investors hungry for Shenzhen’s US$775 million dim sum bond, the first mainland Chinese local government debt issued in Hong Kong

International institutional investors and overseas governments piled into Shenzhen’s 5 billion yuan (US$775 million) dim sum bond on Tuesday, the first direct offshore debt offering by a local-level mainland government in Hong Kong.The offering, which has tenures of two, three and five years, was oversubscribed by 2.5 times, attracting 17.4 billion yuan in orders from 89 global governments, insurers and pension funds, according to an announcement by the Shenzhen municipal government.Hosting a…


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