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Local government bond sales slow sharply in April, coupons higher

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China's local government bond sales slowed significantly in April with coupons, in particular on bonds issued by underdeveloped regions, rising considerably.

Local governments issued a total of 227 billion yuan worth of bonds last month, marking a sharp slowdown from March when total sales reached 625 billion yuan, according to the latest data released by the Ministry of Finance.

Bond issuance last month was also considerably lower than the average monthly amount of 469 billion yuan in the first . . .

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