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Capital Markets

Belt and Road-branded corporate bonds fuel China's big ambitions

Strategy goes global as Singapore-based GLP plans $1.8bn issuance

While funding the Belt and Road, China also aims to nurture its bond market and further internationalize the yuan.

SINGAPORE -- China is increasingly turning to the corporate bond market to fund its Belt and Road Initiative -- the international infrastructure-building drive that epitomizes Beijing's global ambitions.

Singaporean warehouse operator Global Logistics Properties is poised to be the first company based outside China to issue "Belt and Road bonds," as the China Securities Regulatory Commission has branded them.

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