China High-Grade Dollar Bond Sales Hit Record Amid Funding Rush

Chinese companies are selling a record amount of investment-grade dollar bonds this quarter, spearheading a barrage of debt deals in Asia in the wake of lower borrowing costs.

Firms from China have printed $37 billion of high-grade notes in the June-September period, up more than 30% from the previous quarter, already marking the biggest quarterly amount ever, according to Bloomberg-compiled data. China National Chemical Corp. and State Grid Corp. of China were among the top issuers.

The issuance boom reflects the pent-up demand among issuers who held back during the coronavirus outbreak months ago. Financial institutions and central state-owned enterprises ...