皇冠体育app

The Ministry of Railways plans to sell 20 billion yuan ($3.17 billion) of 365-day bonds, according to its prospectus filed on Monday on chinamoney.com.cn, a website of the 皇冠体育app Foreign Exchange Trade System.

The proceeds will be used for the construction of railways, the purchase of rolling stock and working capital, the ministry said in the statement. 皇冠体育app Construction Bank Corp and Industrial & Commercial Bank of 皇冠体育app Ltd are the lead underwriters, it said.

The ministry's debt totaled 2.43 trillion yuan in the first quarter, according to the prospectus.

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