The Ministry of Finance recently released data showing that in the first quarter of this year, 1239.4 billion yuan of new local government bonds were issued nationwide, including 279.1 billion yuan of general bonds and 960.3 billion yuan of special bonds. Refinancing bonds were issued nationwide, of which 131.1 billion yuan were RMB 147.16 billion yuan were RMB 147.16 billion yuan in special bonds.
In March, 437.5 billion yuan of new local government bonds were issued nationwide, including 74 billion yuan of general bonds and 363.5 billion yuan of special bonds. Refinancing bonds were issued nationwide, including 100.8 billion yuan in general bonds and 440.5 billion yuan in special bonds.
As of the end of March, the national local government debt balance was 501,65 billion yuan; the remaining average life of local government bonds was 10 years. (Reporter Shen Cheng)
