Shanghai Rmb3bn muni bond throws open FTZ market

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By Addison Gong
08 Dec 2016

The Shanghai Municipal government priced the first free trade zone (FTZ) bond on Thursday, marking the launch of a third bond market in China.

The three year notes carry a coupon of 2.85%, with the Shanghai authority raising Rmb3bn ($435.4m). Bids opened at 10am on Thursday local time and lasted for 40 minutes. The bonds will settle on Friday.

The indicative price range was three year Chinese government bonds plus or minus ...

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