China issues local gov't bonds worth around 302 bln yuan in May
BEIJING, June 28 (Xinhua) -- China's local governments issued bonds worth 301.9 billion yuan (about 41.87 billion U.S. dollars) in May, according to the Ministry of Finance.
Of the total, special bond issuance came in at 275.5 billion yuan last month, while the issuance of general bonds amounted to 26.4 billion yuan, data from the ministry showed.
In May, local government bonds were issued at an average issuance term of 12.5 years and at an average interest rate of 2.85 percent.
In the first five months of 2023, local governments in China have issued bonds worth over 2.25 trillion yuan, data from the ministry showed.
By the end of May, China's outstanding local government debts stood at over 37.56 trillion yuan, within the official limit of 42.17 trillion yuan for this year, the ministry said.
Photos
Related Stories
- China's finance ministry issues 12 bln yuan of treasury bonds in Hong Kong
- New Development Bank issues 8.5-bln-yuan bond on China Interbank Bond Market
- China's top securities regulator greenlights corporate bond projects
- China's green bond issuance sees robust growth in March
- China's bond market issuances hit 5.47 trln yuan in February
- Beijing bourse gov't bond sales top 1.4 trln yuan
- China's policy bank issues 15 bln yuan of green bonds
- China conducts central bank bills swap
- China issues 625.8 bln yuan in local gov't bonds in January
- China's bond market issuances near 3.77 trln yuan in January
Copyright © 2023 People's Daily Online. All Rights Reserved.