China Ministry Plans 30 Billion Yuan Bonds, Morning Post Says

By Cathy Chan

Nov. 8 (Bloomberg) -- China plans to issue 30 billion yuan ($4.4 billion) of fixed-rate bonds next week to finance rail projects, South China Morning Post reported, citing the Ministry of Railways.

The ministry will sell 20 billion yuan of seven-year bonds on Nov. 12 and 10 billion yuan of 15-year-bonds on Nov. 13, the Hong Kong newspaper said. Yields will be between 3.52 percent and 4.52 percent, the paper said, citing the ministry.

Arranging the sale are BOC International (Holdings) Ltd. and UBS Securities Co., the Morning Post said.

To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net.