The governments of 12 Chinese provinces had issued in total 70 batches of local government bonds worth 444.17 billion yuan by June 11 since the issuance of such bonds started on May 18.
According to financial data provider Wind, a total of 2.7 trillion yuan worth of local government bonds are expected to be issued in 2015 after the first and second batches of debt swap quota were assigned to provincial governments.
Local government bonds take a weight of some 15 percent in China's total bond issuance so far this year.
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