Zhongyuan Yuzi falls through as China curbs local debt

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Zhongyuan Yuzi falls through as China curbs local debt

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Zhongyuan Yuzi Investment Co, a provincial level local government financing vehicle (LGFV), has postponed a planned dollar bond amid weak sentiment for the sector. On the other hand, Nan Hai Corp, which pulled a deal last September, managed to get its second bond attempt past the finish line by opting for a private placement style execution.

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