Cointime update: Zhejiang province issued a 3-year general special local government bond totaling 4.3299 billion yuan at a coupon rate of 1.2400%, with a marginal bid-to-cover ratio of 4.42 times against an expected 1.24. The same day it also priced a 3-year tranche of 1.56 billion yuan at 1.2400%, a 15-year toll-road special bond of 200 million yuan at 1.8800%, and a 20-year special bond of 9.618 billion yuan at 2.0500%.
Zhejiang Issues 3-Year Special Local Bond at 1.2400%
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