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China's Latest Bond Issue Nears Completion
Statistics from the People's Bank of China (PBOC) show that by November 15, 65.73 billion yuan, of this year's third issuance of voucher bonds have been sold or 82 percent of the planned total of 80 billion yuan.
Of the issued amount, those with a three-year term accounted for 41.294 billion yuan, or 86 percent of the planned 48 billion yuan; while those with a five-year term accounted for 24.436 billion yuan, or 76 percent of the planned 32 billion yuan.
City commercial banks in Shanghai, Nanjing, Shijiazhuang, Jinan, Guangzhou and some other cities have fulfilled their underwriting line ahead of schedule, a spokesman for the PBOC said.
He said that the issuance will be closed on December 15.
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