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21:58, 06-Mar-2019
China's bond issuance up 7.5 percent in 2018
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The value of bonds issued in China last year totaled 43.1 trillion yuan (about 6.4 trillion U.S. dollars), up 7.5 percent year-on-year, according to data from the country's central bank.
The People's Bank of China (PBOC) owed the rise to the notable increases in issuances of non-financial enterprise debt financing instruments and interbank negotiable certificates of deposits.
By the end of 2018, China's outstanding bonds amounted to 86 trillion yuan, surging 15.1 percent year-on-year.
Bond issuance interest rates saw notable declines last year, with that of 10-year treasury bonds issued in December dropping 57 basis points from the same period in the previous year to 3.25 percent.
Meanwhile, the interest rate of seven-year financial bonds issued by the China Development Bank stood at 3.6 percent last year, down 134 basis points year-on-year.
The central bank also said that treasury bonds with maturities of one, three, five, seven and 10 years all saw lower rates of return last year.
Source(s): Xinhua News Agency