TREE NEWS reports: Local government bond issuance surged to 1.19 trillion yuan in August, a record high for the year. New special bonds totaled 518.8 billion yuan, second only to June, while new general bonds reached 122.7 billion yuan, second to February. Funds are split between stabilizing investment and debt resolution, with over half of special bonds for projects and Guizhou issuing the year’s first refinancing general bond for existing debt.
China August local bond issuance hits monthly record
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