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China's 2015 first municipal bonds draw yields near sovereign debt's

Jiangsu province auctions 52 billion yuan of three to 10-year municipal bonds

Shanghai

CHINA's Jiangsu province auctioned 52.2 billion yuan (S$11.2 billion) of three to 10-year municipal bonds on Monday at close to sovereign yields, offering some reassurance that Beijing's drive to boost its municipal bond market this year will succeed.

Jiangsu, one of China