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Hunan issues CNY5.6bn 7-yr special local bond at 1.58%

Hunan province issued 5.596 billion yuan ($786 million) of 7-year special local bonds at a yield of 1.5800%, with a marginal multiple of 1.86 times, exceeding the 1.58 times expectation. The province also sold 20.697 billion yuan of 5-year bonds at 1.4500%, with a marginal multiple of 1.68 times versus 1.45 expected.

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