China Railway Corp. (CRC) will issue on Wednesday a seventh batch of railway construction bonds worth 15 billion yuan (US$2.46 billion) through the People’s Bank of China. The bonds have a 10-year maturity and an interest rate of 4.8 percent to 5.8 percent, China Securities Journal reported Wednesday. The National Development and Reform Commission has approved a 150 billion yuan quota for CRC bond issues this year. The national railway operator has used 135 billion yuan of the quota, the report said.
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