China’s MoF to auction bonds in billions on behalf of Hainan government
The Ministry of Finance (MOF) said Friday it will auction 41.6 billion yuan (6.6 billion U.S. dollars) in bonds on behalf of some local governments.
In an issuance plan released Friday, the first of its kind this year, the MOF said it will auction a total of 20.6 billion yuan of three-year local government bonds on June 15 for the governments of Qingdao, Guangxi, Chongqing, Shaanxi, Gansu, Hainan and Xinjiang.
It will auction another 21 billion yuan of five-year bonds for the above regions on June 29, the ministry said.
The MOF is scheduled to auction a total of 250 billion yuan in local government bonds in 2012.
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