Liaoning's bond auction failure puts local govts in a quandary
By Zheng Yangpeng | China Daily | Updated: 2015-08-12 08:13
Analysts are scrambling to understand the causes and repercussions after China's first sale of local government bond in years.
Liaoning province's municipal bond auction went undersubscribed on Friday.
As a result, it could raise only 400 million yuan ($64 million) of 10-year securities, less than the 550 million yuan target.
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