Date
24 August 2017

About 285 bln yuan urban construction debt to mature, paper says

About 285 billion yuan (US$47.06 billion) of urban construction bonds, out of the current total outstanding balance of 3.3 trillion yuan of such debt, are expected to mature this year, China Business News reported Friday, citing data from financial data provider Wind Information. Another 140.6 billion yuan is seen maturing next year. Nine bond series will mature this month, including a 2-billion yuan offering from Beijing Infrastructure Investment Co. Ltd. that falls due on Jan. 14, the report said.

– Contact HKEJ digest@ejinsight.com

TL/AC/RC

 

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