Northwest China's Gansu Province auctioned overall 17.6 billion yuan worth of local government bonds, said a filing released by the Gansu Provincial Department of Finance.
The total included 1.78 billion yuan worth of bonds which were issued to replace existing debts with directional underwriting adopted, 6.95 billion yuan of general bonds and 8.8623 billion yuan of special-use bonds.
The directional underwriting bonds bear a maturity of 3-year, 5-year, 7-year and 10-year, with the auction yields standing at 3.37 percent, 3.73 percent, 4.01 percent and 4.04 percent respectively.
The general bonds, carrying a maturity of 3-year, 5-year, 7-year and 10-year, saw auction yields reaching 3.03 percent, 3.36 percent, 3.60 percent and 3.61 percent respectively.
The special-use bonds have a maturity of 5-year and 10-year, with the yields at 3.36 percent and 3.61 percent respectively.
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