Local Debt Swap Set to Increase 40% in 2016

iFeng: 今年多地置换债规模料同比增约四成 利率或略有提升

According to "Economic reference test News" reporter learned from Shandong Province, Jiangxi, Guangdong, Gansu, Heilongjiang Province, Guangxi Zhuang Autonomous Region and other provinces, Finance Minister at the Ministry of Finance has issued this replacement debt limit, many provinces higher than the amount obtained in debt due this year, the year ahead will be replaced with outstanding debts. More provinces this year plan to issue replacement bonds, growth of about 40 percent over last year, some provinces up as much as 2.4 times the size of the debt exchange last year. In addition, the average interest rate from the current debt situation, debt replacement rate is expected to rise slighly.