172 billion dollars the value of local government bonds in China during the first quarter
BEIJING, on April 29/ WAM/ official data issued by the Chinese Ministry of Finance yesterday, Monday, showed that local governments in China issued new bonds with a value of approximately 1.24 trillion yuan “about $ 172 billion US dollars” during the first quarter of this year.
The daily Al -Shaab online reported that among the total, the value of the issuance of private bonds amounted to nearly 960.3 billion yuan, while the value of public bonds was 279.1 billion yuan.
The newspaper pointed out that during the mentioned period, local governments issued these bonds with an average period of 17.2 years and an average interest rate of 1.97 percent.
During last March alone, the total value of the release of new bonds for local governments reached 437.5 billion yuan.
– Khal –
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