CHINA’S largest trust, China International Trust and Investment Corp (CITIC), said yesterday it will issue 4.5 billion yuan (US$544 million) in 15-year domestic bonds next week to repay foreign debt.

　　The bonds will carry an annual coupon of between 3.7 and 4.2 percent, with the exact rate to be decided after subscription from today to Wednesday, CITIC said in a statement.

　　CITIC’s bonds would be issued from Sept. 26-29 to financial institutions, including banks and securities houses, designated to trade on the Shanghai-based national interbrain bond market, said the statement.

　　CITIC Securities and CITIC Industrial Bank were appointed lead underwriters, it said.

　　(SD-Agencies)