First local government bonds issued

    | BY

    clpstaff &clp articles

    Xinjiang gets new chance to raise money

    China has issued its first local government bonds, and they will be tradable by the end of the week.

    According to Xinhua, the Ministry of Finance issued Rmb3 billion (US$439.3 million) three-year bonds on behalf of the Xinjiang Uyghur Autonomous Region, with underwriting occurring between March 30 and April 1. From April 3, the bonds can be traded on the interbank market and securities exchanges.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]