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China set to issue bonds of US$2.5b

CHINA'S Ministry of Finance yesterday said it would issue 16.9 billion yuan (US$2.48 billion) of three-year local government bonds next week on behalf of four provincial regions at a fixed annual coupon rate of 1.67 percent.

The amounts were 3.5 billion yuan for the Guangxi Zhuang Autonomous Region, 5.6 billion yuan for Beijing, 4 billion yuan for Shanghai and 3.8 billion yuan for Henan Province. The ministry also said it would issue two batches of book-entry treasury bonds with a face value of 15 billion yuan each starting next week.


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