Summary：China's ministry of Railways on Thursday auctioned 25 billion yuan($4bn) of seven-year and 20-year bonds at yields of 4.57 percent and 5.16 percent, traders said.

China's ministry of Railways on Thursday auctioned 25 billion yuan($4bn) of seven-year and 20-year bonds at yields of 4.57 percent and 5.16 percent, traders said.
The ministry sold 10bn yuan of 7-year bonds and 15bn yuan of 20-years bonds.
The bonds are part of the ministry's quota to issue 150 bn yuan in corporate bonds this year to fund the expansion of China's railway network. It has so far sold 130bn yuan of bonds.