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Macro

Xinjiang Corps issues RMB 4.53B in local bonds

The Xinjiang Production and Construction Corps sold 45.3 billion yuan of local government bonds on [date], including general and special-purpose debt with maturities of 5 to 15 years. Coupon rates ranged from 1.46% to 2.09%, with marginal multiples indicating strong demand for longer-dated issues.

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