Chinanews.com, February 25. The Ministry of Finance website announced on the 25th the local government bond issuance and debt balance in January 2021.
In January 2021, 362.3 billion yuan of local government bonds will be issued nationwide.
As of the end of January 2021, the balance of local government debt across the country was 260208 trillion yuan.
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 January 2021, 362.3 billion yuan of local government bonds will be issued nationwide.
Among them, 212.7 billion yuan was issued for general bonds and 149.6 billion yuan for special bonds; all of them were refinancing bonds by purpose.
In January 2021, the average issuance period of local government bonds is 8.0 years, including 7.6 years for general bonds and 8.6 years for special bonds.
In January 2021, the average interest rate of local government bonds is 3.37%, of which 3.35% for general bonds and 3.41% for special bonds.
Principal and interest repayment in the month:
In January 2021, local government bonds are due to repay the principal of 3 billion yuan, and all financial funds will be repaid.
In January 2021, local government bonds paid 41.9 billion yuan in interest.
National local government debt balance
As of the end of January 2021, the balance of local government debt across the country was 260208 trillion yuan.
Among them, general debt is 12,299.5 billion yuan, special debt is 13,071.3 billion yuan; government bonds are 2,58457 billion yuan, and non-government debt stocks are 175.1 billion yuan.
As of the end of January 2021, the average remaining life of local government bonds is 6.8 years, including 6.2 years for general bonds and 7.4 years for special bonds; the average interest rate is 3.51%, including 3.51% for general bonds and 3.50% for special bonds.