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China Aerospace Science and Technology Corp, one of the central government-controlled State-owned enterprises, said it plans to issue 1.5 billion yuan worth of 10-year fixed-rate bonds on the interbank market from today until June 27.

The coupon was set at 4.50 percent, according to a company statement published on the official China Securities Journal.

Proceeds from the bond sale will fund nine aerospace industry-related projects, including navigation satellite and new material development, the company said.

CITICS China Securities and United Securities are the main underwriters, while Everbright Securities is the financial advisor.