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China delivers 6.49T yuan in regional administration bonds
(MENAFN) The Ministry of Finance said Chinese local administrations delivered more than 6.49 trillion yuan (about USD1.01 trillion) value of ties in January-October 2021 period.
According to information from the ministry, total special bond issuance reached 4.02 trillion yuan in the first ten months, and the issuance of general bonds stood at 2.47 trillion yuan.
In the same period, regional administration bonds were delivered at an average issuance term of 11.6 years and at an average interest volume of 3.37 percent.
Local administration bond issuance amounted to 876.1 billion yuan in October.
According to information from the ministry, total special bond issuance reached 4.02 trillion yuan in the first ten months, and the issuance of general bonds stood at 2.47 trillion yuan.
In the same period, regional administration bonds were delivered at an average issuance term of 11.6 years and at an average interest volume of 3.37 percent.
Local administration bond issuance amounted to 876.1 billion yuan in October.
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