LGFV bond hopes undimmed as market shrugs off default

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LGFV bond hopes undimmed as market shrugs off default

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The first onshore China default from a local government financing vehicle (LGFV) has come as a shock to bankers and investors, but the negative news has not had a big impact on sentiment in the international bonds market. One LGFV sold a dollar bond this week and more are lining up, writes Addison Gong.

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