China has raised $2.4 billion through a sale of bonds to institutional investors in Hong Kong, Bloomberg reports. The ministry sold $782 million of five-year dim sum bonds, $469 million of seven-year bonds, $156 million of 10-year bonds and $939.12 million of three-year debt.
The bond sale was arranged by Bank of Communications. Other lenders, including HSBC Holdings, Bank of China and Standard Chartered, were selected to arrange the debt issue to individuals. China also offered $782.601 million of two-year bonds to institutional investors.
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