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07 April 2020 The on-line newspaper devoted to the world of transports 05:57 GMT+2

July 28, 2005

Railway ministry to sell 5b yuan in 15-year bonds

Tim LeeMaster

China's Ministry of Railways plans to sell 5 billion yuan (HK$4.8 billion) in 15-year bonds tomorrow to help pay for upgrading the country's antiquated and overburdened rail network.

Bank of China International (China), China International Capital Corporation and CITIC Securities will manage the sale of the bonds, which are priced to yield 4.85 percent, a banker said ......
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