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China to issue 41.6 bln yuan of local government bonds

(Xinhua)

15:10, September 08, 2012

BEIJING, Sept. 7 (Xinhua) -- The Ministry of Finance (MOF) said Friday it will issue 41.6 billion yuan (6.6 billion U.S. dollars) in bonds on behalf of some local governments.

In an issuance plan, the fifth of its kind this year, the MOF said it will auction a total of 20.6 billion yuan of three-year local government bonds on Sept. 14 for the governments of Tibet, Dalian, Guizhou, Hebei, Inner Mongolia, Liaoning and Jilin.

It will auction another 21 billion yuan of five-year bonds for the above regions on Sept. 14, according to the ministry.

The MOF is scheduled to auction a total of 250 billion yuan in local government bonds in 2012.

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