About 60 enterprises scrapped their bond issue schemes in November, which involved a total financing scale of nearly 60 billion yuan In last week, 14 enterprises cancelled their scheduled bond offerings amounting to 13.8 billion yuan.
These companies mainly belong to cyclical industries with excess production capacity, such as iron and steel, and cement industries. Chinese enterprises issued 169 batches of debentures valued at 128.033 billion yuan last week, down 51.76 percent week on week.
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