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.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Sinocast Investing & Securities Beat (China)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters