North China's Tianjin municipality would auction overall 13.2 billion yuan worth of general bonds on June 8, according to a filing released by Tianjin Municipal Finance Bureau.
Of the total, 6.8 billion yuan would be a portion of the debt-swap plan, with the remaining 6.4 billion yuan of bonds being newly issued.
This batch of general bonds is the first of its kind planned to be issued by the municipality this year, including 1.5 billion yuan of 3-year ones, 3.9 billion yuan of 5-year ones, 3.9 billion yuan of 7-year ones and 3.9 billion yuan of 10-year ones.
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