Caixin
Jun 07, 2012 06:01 PM

88.2 Bln Yuan in Municipal Bonds Set to Expire

(Beijing) – With a new wave of stimulus expected on the horizon, local governments are still scrambling to pay off municipal bonds issued in response to the previous economic boost from the central government.

Municipal bonds worth a total of 88.2 billion yuan are set to mature between June and the end of September, the Ministry of Finance (MOF) said.

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