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China Railway to Issue CNY15bn 10-year Bonds

July 7, 2014

China Railway to Issue CNY15bn 10-year Bonds

BEIJING, July 7, SinoCast -- China Railway Corp. will issue CNY 15 billion 10-year railway bonds as the fifth batch for this year tomorrow. Single-rate auction mode will be adopted and interest rate ranges from 4.7-5.7%.

Interest will be paid yearly, with irrevocable joint liability warranty guarantee provided by railway construction funds.

China Railway plans to issue CNY 150 billion such bonds this year.

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Source: Sinocast Transportation Beat (China)

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