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State-owned firm's ultra-long-term bond oversubscribed

China Chengtong Holding Group, the state-owned capital management firm, issued a RMB 1 billion ($139 million) 30-year bond on Wednesday. This is the first ultra-long-term credit debt issued in recent years, reports Nikkei Asia. The proceeds of the bonds, with a coupon rate of 3.35%, will be used to repay existing debt, China Chengtong said. Non-financial… ....

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