Chinanews.com, November 16 According to the Ministry of Finance website news, the Ministry of Finance announced on the 16th the issuance of local government bonds and debt balances in October 2020.

Data show that in October 2020, 442.9 billion yuan of local government bonds will be issued nationwide.

From January to October, 6121.8 billion yuan of local government bonds were issued nationwide.

Data map: Ministry of Finance.

Photo by Kang Yafeng issued by China News Service

Issuance of local government bonds nationwide

  Issue of the month:

  In October 2020, 442.9 billion yuan of local government bonds will be issued nationwide.

Among them, 159 billion yuan of general bonds were issued, 283.9 billion yuan of special bonds were issued; by purpose, new bonds were issued 189.9 billion yuan, and refinancing bonds were issued 253 billion yuan.

  In October 2020, the average issuance period of local government bonds was 13.5 years, including 15.1 years for general bonds and 12.6 years for special bonds.

  In October 2020, the average interest rate of local government bonds is 3.67%, of which 3.70% for general bonds and 3.66% for special bonds.

  Issue situation from January to October:

  From January to October 2020, 6121.8 billion yuan of local government bonds will be issued nationwide.

Among them, the issuance of general bonds was 2141.2 billion yuan, and the issuance of special bonds was 3,980.6 billion yuan; by purpose, new bonds were issued 4,444.4 billion yuan, and refinancing bonds were issued 1,627.4 billion yuan.

  From January to October 2020, the average issuance period of local government bonds is 14.9 years.

Among them, 15 years for general bonds and 14.8 years for special bonds.

  From January to October 2020, the average interest rate of local government bonds is 3.40%.

Among them, general bonds are 3.33% and special bonds are 3.43%.

  Principal and interest repayment from January to October:

  From January to October 2020, local government bonds will repay the principal of 1.6242 billion yuan at maturity.

Among them, 217.7 billion yuan of principal was due to be repaid in October.

Issued refinancing bonds to repay the principal of 1,419.7 billion yuan, and arranged fiscal funds to repay the principal of 204.5 billion yuan.

  From January to October 2020, local government bonds paid 691.4 billion yuan in interest.

Among them, local government bonds paid 51.2 billion yuan in interest in October.

National local government debt balance

  After deliberation and approval at the Third Session of the Thirteenth National People's Congress, the national local government debt limit for 2020 is 28807.43 billion yuan, of which the general debt limit is 14,288.922 billion yuan and the special debt limit is 14.518508 billion yuan.

  As of the end of October 2020, the balance of local government debt across the country was 25,807.4 billion yuan, within the limit approved by the National People's Congress.

Among them, general debt is 12,289.8 billion yuan, special debt is 1,29576 billion yuan; government bonds are 2,56159 billion yuan, and non-government debt stocks are 191.5 billion yuan.

  As of the end of October 2020, the average remaining life of local government bonds is 6.9 years, including 6.2 years for general bonds and 7.5 years for special bonds; the average interest rate is 3.51%, including 3.51% for general bonds and 3.50% for special bonds.