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For the replacement of existing implicit debts! Henan completed the issuance of 31.8 billion special refinancing bonds, Intrerest Rate 2.26%
On November 15th, 2024, the Henan Provincial Government completed the tender for the general bonds (Series 5) and special bonds (Series 11) for refinancing. The actual issuance scale of ‘24 Henan Bond 65’ is 6.0048 billion yuan, with a term of 5 years and a face interest rate of 1.77%, which is used to repay part of the principal of the general bonds (Series 11) issued by the Henan Provincial Government in 2017. The actual issuance scale of ‘24 Henan Bond 66’ is 31.8169 billion yuan, with a term of 10 years and a face interest rate of 2.26%, which is used to replace the existing hidden debt.