Sichuan Issues Six Special Local Bonds, 30-Year Tranche at 2.18%

Cointime update: Sichuan issued six special local government bonds across tenors from 5 to 30 years. The largest, a 30-year tranche of 26.35344 billion yuan, priced at a 2.1800% coupon with a 26.10x bid-to-cover margin multiple against an expected 2.15. A second 30-year tranche of 1.531 billion yuan priced at 2.1900%. The 20-year tranche totaled 11.32332 billion yuan at 2.1000%.