November 22 -- The Ministry of Railways will issue 30 billion yuan worth of bonds on the interbank bond market today, the fourth batch of bond issuance by the ministry this year, reports China Business News.

Ten billion yuan worth of the bonds will have a seven-year term, while 20 billion yuan worth of the bonds will have a ten-year term.

Following the bond issuance, the ministry's balance of outstanding bonds will hit 500 billion yuan.

The coupon rate of the seven-year bonds will be between 4.43 percent and 5.43 percent, while that for the ten-year bonds will be between 4.63 percent and 5.63 percent.

The indicative coupon rate for the seven-year bonds was 70 basis points lower than that of the first batch of bonds issued this year which had an indicative range of between 5.13 percent and 6.13 percent.

Prior to the bond issuance, the balance of outstanding bonds issued by the Ministry of Railways totaled 458.7 billion yuan since 1995, including 15.7 billion yuan of bonds that had since matured.

Interest payments per year on the outstanding bonds totals 20.08 billion yuan.

Shares of CSR Corporation (601766.SH,1766.HK) fell 0.19 percent to close at 5.25 yuan per share today.

Source:CapitalVue