News Column

Shandong Local Government Bonds Have Low Winner Rates

July 11, 2014

SHANDONG, July 11, SinoCast -- Shandong has kicked off bidding invitation for three-term local government bonds, whose winner rates are lower than corresponding national debts.

The winner rates are 3.75%, 3.88% and 3.93% for five-year, seven-year and ten-year local government bonds, 20 base points lower. Ended July 10, yields to maturity of corresponding national debts are 3.9529%, 4.0918% and 4.1298%.

The three-term local government bonds for Shandong are first, second and third phases for 2014, totaling CNY 13.7 billion. Shandong is the second province to offer local government bonds following Guangdong.

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Source: Sinocast Investing & Securities Beat (China)

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