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Gansu issues special local bonds, 30Y yield 2.27%

Gansu province issued multiple tranches of local government bonds, including 30-year special bonds totaling 3.658 billion yuan at a yield of 2.2700%, with a marginal multiple of 2.11 times. Also issued 20-year special bonds of 942 million yuan at 2.2500%, and 10-year general bonds of 2.987 billion yuan at 1.7300%. The issuances reflect ongoing local government financing activities.

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