China Sells $4 Billion Dollar Bond Amid Evergrande Woes

China sold a U.S. dollar bond in Hong Kong for the fifth straight year. This comes at a time when deepening concerns over the financial health of the country’s property developers are causing strains in the credit market. Meanwhile, China Evergrande Group’s main onshore unit has paid interest due Tuesday on a yuan bond, according to Reuters. Stephen Engle reports on “Bloomberg Dayrbreak: Australia.” (Source: Bloomberg)