HONG KONG -- China's first direct bond sale in the U.S. has received bumper demand, spurring expectations that more high-graded Chinese borrowers will tap the world's largest bond market in spite of President Donald Trump's decoupling threats.
The sale raised $6 billion and garnered almost $30 billion in bids, helping the Chinese Ministry of Finance sell the debt at lower cost compared with an offering last year, according to two people familiar with the deal.
