MOR to issue 10 trillion yuan railway construction bonds

16:27, November 24, 2009      

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According to China Government Securities Depository Trust & Clearing Co. Ltd., the Ministry of Railway (MOR) will raise 10 billion yuan for railway construction by floating the fifth batch of bonds this year on November 26. This batch will comprise 7 billion yuan of 10-year bonds and 3 billion yuan of 15-year bonds, with a bidding yield rate range of 1.65 percent to 2.85 percent.

capital raised by the bonds to be issued this time will be used entirely for the railway construction projects, including Guiyang-Guangzhou, Chongqing-Lichuan, Lanzhou-Chongqing, Suzhou-Huaian and Ganzhou-Shaoguan railway line as well as Beijing-Shanghai High Speed Railway line.

By People's Daily Online
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