Zhongyuan Yuzi pulls deal as Chinese LGFVs face tricky funding environment
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Zhongyuan Yuzi pulls deal as Chinese LGFVs face tricky funding environment

Beijing_Great Wall_China_575px_Adobe_29May20

Two Chinese local government financing vehicles (LGFVs) hit speed bumps in the dollar bond market this week amid rising volatility, as investors pushed back on the issuers’ attempts to get away with aggressive pricing. While one of the borrowers sealed its deal despite tepid demand, another was forced to scrap its transaction. Morgan Davis reports.

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