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China's finance ministry to auction 66.6bn yuan in local govt bonds

Published July 8, 2014 Updated July 8, 2014 04:15am

1 min

By Shoaib Ur Rehman

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SHANGHAI: China's finance ministry will auction a total of 66.6 billion yuan ($10.74 billion) of three-, five- and seven-year bonds on behalf of eight local governments on July 14 and 18.

The finance ministry will issue 23.4 billion yuan each in three- and five-year bonds, and 19.8 billion yuan in seven-year bonds, according to a statement published on the website for China's major bond issues.

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