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Chinese developers issued less bonds in domestic and overseas market in November amid rising financing costs and the pressure to rein in their borrowing before tough rules on their debts.
Chinese developers issued 83.5 billion yuan ($12.8 billion) worth of bonds last month, 21.4 per cent lower than the same period last year but increasing 20.7 per cent from October, according to Beike Real Estate Research Institute. They issued a total of 84 bonds last month, compared to 66 bonds issued in the previous months, showed the data.
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