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MNI POLICY: China 2019 Local Govt Bonds Total CNY4.36 Trillion

     BEIJING (MNI) - China sold CNY4.36 trillion local government bonds last
year, including CNY907.4 billion in new general bonds and CNY2.15 trillion
special-purpose bonds, the Ministry of Finance said on its website Friday. 
     The average interest rate of the local bonds was 3.47%, down 42 bps from
that in 2018, while yields averaged 27 bps above that of China government bonds,
the ministry said. The average maturity was 10.3 years, 4.1 years longer than
that of 2018, it said. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$]

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