China Prepares Sale of $2 Billion in U.S.-Dollar Bonds

washingtons-1196219.jpg

China is laying the groundwork for its first sale of U.S.-dollar sovereign bonds in more than a decade, a move toward expanding its ties with global investors as its economy improves.

The government is preparing to sell $2 billion in bonds this month, and investment banks are pitching for a role in the deal, according to bankers in Hong Kong.

Read more at The Wall Street Journal (subscription required)