Bonds issue
Source: Xinhua |
July 10, 2012, Tuesday
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Print Edition
Print Edition
THE Ministry of Finance said yesterday it will issue 23.9 billion yuan (US$3.78 billion) in bonds for local governments to ease their financing pressure.
The ministry will issue the bonds on behalf of seven provincial-level governments - Beijing, Shanxi, Heilongjiang, Jiangsu, Fujian, Ningxia and Qinghai.
The bonds will have a maturity of three years and will be issued from today to Thursday. They will carry a fixed interest rate of 2.75 percent, a statement on the ministry's website said.
The interest will be paid annually on July 10. The principal and the interest will be paid in full on July 10, 2015, the statement said.
The ministry will issue the bonds on behalf of seven provincial-level governments - Beijing, Shanxi, Heilongjiang, Jiangsu, Fujian, Ningxia and Qinghai.
The bonds will have a maturity of three years and will be issued from today to Thursday. They will carry a fixed interest rate of 2.75 percent, a statement on the ministry's website said.
The interest will be paid annually on July 10. The principal and the interest will be paid in full on July 10, 2015, the statement said.
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