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china news service, september 30. according to the ministry of finance’s website, the ministry of finance released on the 30th the status of local government bond issuance and debt balances in august 2024.

issuance of local government bonds nationwide

(1) issuance status of the current month.

in august 2024, 947.4 billion yuan of new bonds were issued nationwide, including 142.3 billion yuan of general bonds and 805.1 billion yuan of special bonds. nationally, 261.7 billion yuan of refinancing bonds were issued, including 111.0 billion yuan of general bonds and 150.7 billion yuan of special bonds. in total, 1.2091 billion yuan of local government bonds were issued nationwide, including 253.3 billion yuan of general bonds and 955.8 billion yuan of special bonds.

in august 2024, the average issuance period of local government bonds was 14.2 years, including 8.4 years for general bonds and 15.8 years for special bonds.

in august 2024, the average issuance interest rate of local government bonds was 2.24%, including 2.15% for general bonds and 2.27% for special bonds.

(2) issuance status from january to august.

from january to august 2024, 3.0933 billion yuan of new local government bonds were issued nationwide, including 513.3 billion yuan of general bonds and 2.580 billion yuan of special bonds. refinancing bonds issued nationwide totaled 2,319.5 billion yuan, including 1,000.9 billion yuan in general bonds and 1,318.6 billion yuan in special bonds. a total of 5,412.8 billion yuan of local government bonds were issued nationwide, including 1,514.2 billion yuan of general bonds and 3,898.6 billion yuan of special bonds.