Local government SPB issuance in September hits 2021 high
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On Monday, 21st Century Biz reported that local governments issued RMB 523.1 billion worth of special purpose bonds (SPBs) in September, the largest monthly total for 2021.
It was also a marked acceleration over the RMB 488.4 billion SPBs issued in August and the RMB 340.3 billion in July.
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