Business & Finance
China Railway Ministry sells 3-month bills at 5.55pc
SHANGHAI : China's Ministry of Railways auctioned 20 billion yuan ($3.1 billion) of three-month short-term commercial pa
1 min
By
The funds will be used to build railways, buy locomotives and improve the ministry's liquidity, adding the 90-day paper will carry a coupon rate to be set during bidding in the tender on the inter-bank bond market.
Copyright Reuters, 2011