The strong demand "shows investors are still underexposed to China and there definitely is a scarcity value perceived in these bonds"
The unusual move comes as its bonds trade at steep discounts.
“Treasury is taking a proactive approach to prepare for prospective future financing needs.”
The tax would generate up to $2.4 trillion in over 10 years.
Issuance of zero-coupon convertible bonds is booming. And that makes them a juicier target for the IRS.
A bull market for syndicated bank loans lets lenders transfer risk.
