China's rail ministry sells 7-, 20-year bonds

11 Oct, 2012

 

The ministry sold 10 billion yuan of 7-year bonds and 15 billion yuan of 20-year bonds.

 

The bonds are part of the ministry's quota to issue 150 billion yuan in corporate bonds this year to fund the expansion of China's railway network. It has so far sold 130 billion yuan of bonds.

 

Copyright Reuters, 2012

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