Government bonds

SHENZHEN issued the fourth batch of the local government bonds totaling 5.078 billion yuan (US$795 million) Monday.

Funds raised from the local government bonds will primarily be used for the construction of traffic infrastructure, affordable housing and industrial parks, government officials said.

The weighted average interest rate of the fourth batch of the local government bonds is 3.38 percent.

BYD eBuses

FIVE new-generation 12-meter BYD eBuses have been delivered to Deutsche Bahn, Germany’s largest public transport operator, in Ettlingen, Germany.

The purely electric eBuses featuring BYD’s latest technical innovations, such as its new emissions-reducing air conditioning system, will operate in Karlsruhe District. Deutsche Bahn and BYD have a framework agreement in place for eBus order rollouts in 2021 and beyond.