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Ministry issues another five municipal bonds

THE Ministry of Finance announced yesterday that five further batches of local government bonds with a total value of 11.9 billion yuan (US$1.7 billion) will be launched this week.

The ministry said on its Website the 11.9 billion yuan local government bonds are composed of 1.5 billion yuan for Ningbo City in Zhejiang Province, 2.4 billion yuan for Shenzhen City in Guangdong Province, 2.5 billion yuan for Xinjiang Uygur Autonomous Region, 2.9 billion yuan for Shandong Province, and 2.6 billion yuan for Liaoning Province.

The bonds, with an issuing yield of 1.79 percent paid annually for three years, will be sold to the public from tomorrow to Thursday and become tradable from July 13.


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