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China local gov'nt bond issues reach RMB437.9 bln in Feb.

March 04, 2020


Abstract : Chinese local governments auctioned in total 437.9 billion yuan of bonds last month, according to an announcement posted on website of the Ministry of Finance Tuesday.

BEIJING, March 4 (Xinhua) -- Chinese local governments auctioned in total 437.9 billion yuan of bonds in February, according to an announcement posted on website of the Ministry of Finance Tuesday.

The local government bond issued in February were composed of 202.9 billion yuan of general ones and 235 billion yuan special-purpose ones, with average terms at 18.2 years and 17 years and auction yields averaged 3.35 percent and 3.33 percent, respectively.

In the first two months of this year, China's local government bond issues totaled 1.22 trillion yuan, including 273.2 billion yuan of general local government bonds and 949.8 billion yuan of special-purpose local government bonds.

By the end of February, outstanding Chinese local government bonds stood at 22.53 trillion yuan, of which general local government bonds were 12.14 trillion yuan and special purpose ones were 10.39 trillion yuan.

  (Edited by Duan Jing, duanjing@xinhua.org)

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