China News Service, Beijing, September 9th (Reporter Zhao Jianhua) The Ministry of Finance of China announced on the 9th that in August, local government bonds (hereinafter referred to as local bonds) issued 119,700 million yuan (RMB, the same below).
Among them, new bonds were 920.8 billion yuan and refinancing bonds were 278.9 billion yuan.
As of the end of August, a total of 4,958.4 billion yuan in local government bonds have been issued this year, of which 3,749.99 billion yuan in new bonds and 1208.5 billion yuan in refinancing bonds.
New bonds completed 79.3% of the annual issuance plan, of which 853 billion yuan was issued for general bonds, which completed 87% of the annual plan; the issuance of special bonds was 2.896.9 billion yuan, which completed 77.3% of the annual plan.
According to the Ministry of Finance, the scale of local bond issuance in August increased month-on-month.
After the issuance of the anti-epidemic special treasury bonds was completed at the end of July, the Ministry of Finance actively guided various localities to speed up the issuance of local government bonds. In August, local government bonds issued 199.7 billion yuan, an increase of 927.5 billion yuan from July. .
The issuance interest rate has risen. Affected by factors such as the expected increase in the macroeconomic recovery, the bond market interest rate has risen in August. The average local bond issuance interest rate is 3.53%, an increase of 13 basis points from July.
Commercial bank counter issuance work resumed.
In August, Guangdong and Zhejiang issued 2.33 billion yuan of local government bonds through the counter of commercial banks. This was the first domestic issuance through the counter of commercial banks after the outbreak of the new crown pneumonia epidemic. Individual investors actively subscribed, broadening the channels for local debt issuance and enriching the investor community.
Capital investment focuses on the key areas identified by the State Council, insists that special bonds are used for public welfare projects with a certain yield, and focuses on supporting the seven key areas of transportation infrastructure identified by the State Council and the "two new and one heavy" projects, in order to do a good job in the "six stability" The work and implementation of the "six guarantees" task played a positive role.
The Ministry of Finance stated that in the next step, it will speed up the issuance and use of local government bonds to ensure that the issuance of new special bonds is completed by the end of October, and strive to complete the annual economic and social development goals and tasks.
(Finish)