China issues 362.3 bln yuan in local gov't bonds in January
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Pub Date:2021-03-01 08:52 Source:Xinhua |
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China's local government bond issuance reached 362.3 billion yuan
(about 56 billion U.S. dollars) in January, data by the Ministry of
Finance (MOF) showed. Out of the total, the issuance of general bonds totaled 212.7 billion
yuan last month, while that of special bonds amounted to 149.6 billion
yuan, the MOF said. In January, local government bonds were issued with an average
maturity period of eight years and an average interest rate of 3.37
percent. The MOF data also showed China's outstanding local government debt stood at 26.02 trillion yuan by the end of January. Enditem
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