China Construction Bank’s Labuan office has abandoned its plans to raise up to $3 billion through block bonds. This was announced by the Fusang crypt currency exchange, where the securities were to be traded.
The exchange was notified on 20 November that China Construction Bank had given up its initial plans.
Fusang has already started returning funds to investors. Why the sponsor and issuer Longbond Ltd suddenly changed their plans is not explained.
At the beginning of November, it became known that Crowd Millionaire and China Construction Bank, in cooperation with Fusang, would issue $3 billion worth of debt securities on a block listing.
In mid-November, Fusang announced that the listing had been postponed.
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