Cointime update: Hebei province issued a 30-year special local government bond for new-area development, raising 12.637 billion yuan at a coupon of 2.1700%, with a marginal bid-to-cover ratio of 1.05 times against an expected 2.16 times. The long-dated municipal bond sale provides project financing for the province’s new-area construction.
Hebei Issues 30-Year New Area Special Local Bond at 2.17%, Raising 12.637B Yuan
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