Nervous Chinese state-owned enterprises derail $ 2.4 billion in expected bond sales – Financial Times

Nervous Chinese state-owned enterprises derail $ 2.4 billion in expected bond sales – Financial Times

At least 20 Chinese companies have suspended sales of planned bonds worth Rmb 15.5 billion ($ 2.4 billion) over the past week, as notorious failures of three state-owned companies and questions on the creditworthiness of a baffled fourth investor in the world’s second largest bond market. Investors abandoned their bonds last week after Yongcheng Coal […]

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