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China Companies Delay Bond Sales as Rates Hike: Herald

CHINA PRESS
MNI (Sydney)

Many Chinese companies canceled or postponed bond issuances after tightened liquidity since June pushed up rates by about 1 pp, the 21st Century Business Herald said citing an unidentified bank source. The issuance of 85 corporate bonds, totalling CNY49.8 billion, have been cancelled or postponed in August, bringing this year's failed bond offerings to 511, the newspaper reported.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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