Chongqing issues initial local treasury bonds

The initial 3.1-billion-yuan local treasury bonds in 2012 were officially released, according to Chongqing Finance Bureau on June 20, with bond period of 3 years and interest rate of 2.76%.

Chongqing plans to issue the local treasury bonds in twice for an accumulative amount of 6.3 billion yuan, an increase of 1.3 billion yuan from a year ago. The raised funds will be used in the construction of the public rental house, Line 1, Line 3 and Line 6 of rail transit, rural infrastructure, and the basic health, education and culture.

The second public release of the 3.2-billion-yuan bonds is scheduled on June 20, with bond period of 5 years.

Zhang Yingling