Ministry of Finance: 2.4419 billion yuan of new local government bonds were added in February

Chinanews.com, March 3 -- The Ministry of Finance website released the issuance of local government bonds and debt balances in February 27 on March 27.

In February 2023, 2.4419 billion yuan of new local government bonds were issued nationwide, including 1062.3357 billion yuan of general bonds and 1342.857 billion yuan of special bonds. The country issued 485.5761 billion yuan of refinancing bonds, including 1919.3842 billion yuan of general bonds and <>.<> billion yuan of special bonds. A total of <>.<> billion yuan of local government bonds were issued nationwide, including <>.<> billion yuan of general bonds and <>.<> billion yuan of special bonds.

In February 2023, the average issuance period of local government bonds was 2.15 years, including 5.9 years for general bonds and 3.18 years for special bonds.

In February 2023, the average issuance rate of local government bonds was 2.3%, of which 13% for general bonds and 3.3% for special bonds.

From January to February 2023, 1,2.10677 billion yuan of new local government bonds were issued nationwide, including 2408.8269 billion yuan of general bonds and 1519.960 billion yuan of special bonds. The country issued 559.12196 billion yuan of refinancing bonds, including 3367 billion yuan of general bonds and 8829.<> billion yuan of special bonds. A total of <>,<>.<> billion yuan of local government bonds were issued nationwide, including <>.<> billion yuan of general bonds and <>.<> billion yuan of special bonds.

From January to February 2023, the average issuance period of local government bonds was 1.2 years, including 16.1 years for general bonds and 9.3 years for special bonds.

From January to February 2023, the average issuance interest rate of local government bonds was 1.2%, of which 3.12% for general bonds and 2.98% for special bonds.

Principal and interest repayments from January to February. From January to February 1, local government bonds will repay RMB2.2023 billion of principal when due, of which RMB1.2 billion will be repaid by issuing refinancing bonds and RMB546.527 billion will be repaid by arranging fiscal funds. In February, the principal was due to repay 19.2 billion yuan.

From January to February 2023, local government bonds paid interest of 1.2 billion yuan. Among them, the interest paid on local government bonds in February was 1441.2 billion yuan.

National local government debt balance. As of the end of February 2023, the balance of local government debt nationwide was 2 billion yuan. Among them, general debts 362269 billion yuan and special debts 146934 billion yuan; Government bonds 215335 billion yuan, and the stock of government debt in the form of non-government bonds was 360646.1623 billion yuan.

As of the end of February 2023, the remaining average maturity of local government bonds was 2.8 years, including 6.6 years for general bonds and 2.10 years for special bonds, with an average interest rate of 2.3%, of which 38.3% for general bonds and 38.3% for special bonds. (Zhongxin Finance)