CCDC Shenzhen Center Supported the First Additional Issuance of Local Government Bonds in CIBM
On November 9, 2017, Guangdong Provincial Government completed the additional issuance of the local government bonds for the first time at the CCDC Shenzhen Customer Service Center ("Shenzhen Center"). This is the first bond issuance supported by Shenzhen Center after its relocation and also the first additional issuance of local government bonds supported by the center. It is the first additional issuance in China Inter-bank Bond Market of local government bonds originally issued in the exchange. Xiao Hongmei, deputy director of Guangdong Department of Finance, witnessed the entire process at Shenzhen Center.
The 2017 Guangdong Province Government General Bond (Issue No.9) was originally issued on the Exchange on August 11, 2017, with a coupon rate of 3.57% and a term of 3 years. This additional issuance was 3.1 billion yuan by tender, and the bid-winning price was 100.28 yuan, with the reference rate of return being 3.79%. The trading of previous issuance of the bonds was suspended on November 9, and will be resumed on November 14 together with this add-issue of bonds. During the tender, CCDC Shenzhen Center provided on-site issuance service support. The Guangdong Audit Office and MOF Guangdong commissioner sent observers to carry out on-site supervision to ensure that the tender was conducted in an equal, fair and orderly manner.