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The People's Bank of China (PBOC) will........>

CHINA
MNI (London)
CHINA: The People's Bank of China (PBOC) will carry out the first phase of
Central Bank Bill Swap (CBS) today, with a total volume of CNY1.5 billion, the
PBOC said. The swaps aim to support banks replenish capital via issuance of
perpetual bonds. The bond code of the central bank bill exchange is 1901001S and
the coupon rate is 2.45%, maturity one-year. The bidding is open to primary
dealers in the open market at a rate of 0.25%, the statement said.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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