East China's Jiangxi provincial government would auction overall 41.7 billion yuan worth of general obligation bonds on June 15, according to a filing released on Tuesday by the Jiangxi Provincial Department of Finance.
This batch of general obligation government bond is the first of its kind planned to be issued by the province this year, including 4.17 billion yuan of 3-year ones, 12.51 billion yuan of 5-year ones, 12.51 billion yuan of 7-year ones, and 12.51 billion yuan of 10-year ones. Chinese local governments were approved to sell 671.4 billion yuan of general obligation bonds and 100 billion yuan of bonds for special use this year. Besides, local governments were granted one trillion yuan of quota to replace the existing debts with new bond issuances this year.
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