Province Successfully Issues 56.004 Billion Yuan in Government Bonds

Deep News
Sep 23

On September 23, the province completed a successful issuance of 56.004 billion yuan in government bonds in Shenzhen. This included 7.846 billion yuan in new general bonds, which will be directed toward infrastructure project construction.

New special bonds totaling 38.012 billion yuan were also issued, with allocations as follows: 9.28 billion yuan to supplement local government fund financial resources; 8.438 billion yuan for existing government investment projects; and 20.294 billion yuan to fund 391 construction projects across key sectors such as land reserves, affordable housing projects, municipal and industrial park infrastructure, and ecological environmental protection. Additionally, 10.146 billion yuan in refinancing special bonds were issued to replace existing隐性 debt.

Regarding bond maturities and interest rates, the issuance included 2.789 billion yuan with a 5-year term at an interest rate of 1.46%; 11.185 billion yuan with a 7-year term at 1.56%; 861 million yuan with a 10-year term at 1.73%; 2.238 billion yuan with a 15-year term at 2.02%; 9.28 billion yuan with a 20-year term at 2.2%; and 29.651 billion yuan with a 30-year term at 2.23%.

Moving forward, for the new special bonds intended to supplement local government fund financial resources, the Provincial Department of Finance will strictly enforce budget arrangements to ensure funds are precisely allocated for approved purposes and used in compliance with regulations. For new special bonds designated for project construction, management of bond fund usage will be further strengthened to guarantee a seamless transition from project "waiting for funds" to "spending funds," ensuring bond capital effectively drives productive investment and supports high-quality economic development across the province. For refinancing special bonds used to replace existing隐性 debt, detailed debt ledgers will be organized, and closed-loop control over the entire fund disbursement process will be implemented to steadily and orderly reduce the scale of hidden debt, further consolidating the achievements of debt resolution.

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