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Local government-backed entities jump on offshore bond bandwagon [Copy link] 中文

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Post time 2016-4-26 00:03:41 |Display all floors
Less-developed regions persuade investors to part with millions of dollars

In late March, Yunnan Investment Group, a conglomerate wholly owned by the Yunnan provincial government, sold its first $300-million offshore bond, becoming the latest Chinese local government-backed entity or LGE to do so.
Global investors bought the notes with great enthusiasm. Knowledgeable persons told China Daily tha ...

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Post time 2016-4-26 00:03:42 |Display all floors
With negative interest rates everywhere, where can you get a 3%+ government guaranteed bond anywhere in the world!? Beware of this trap less the central government will end up bailing out again many failed such local government corporations! China already has a 3 trillion+ debt burden on the book.

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