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Local Bond Sales To Peak In June-Journal

CHINA PRESS
MNI (Singapore)

The issuance of local government bonds in June is expected to hit a new high this year, likely exceeding CNY1.5 trillion, the China Securities Journal reported. The incremental debt funds will support local fiscal spending in the next two months, as it is expected to leverage trillions of funds to promote infrastructure investment, the newspaper said citing Zuo Yiming, senior analyst at Pengyuan International. According to the current issuance plans, all the CNY3.65 trillion of infrastructure-backed special bonds set for this year will be basically sold by end-June as scheduled, the newspaper said.

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