EM Bonds: Cbonds is uncovering features, tendencies, and trends of the EM bond markets
Since the beginning of the year, China has placed local bonds for CNY 1.9 trillion.
In the first 5 months of 2021, China's municipal issuer placed 1.9 trillion yuan of debt, with a maximum coupon rate of 3.98% and a minimum rate of 3.01%. China's municipal issuers are the leaders by the volume of issues in the ranking for the first quarter among emerging markets.
Over the same period in 2020, more than 3 trillion yuan of debt was issued, with a maximum rate of 4.02% and a minimum rate of 1.84%. In 2019, there were 1.9 trillion yuan with a maximum rate of 4.28% and a minimum rate of 2.94%.
The volume of the corporate bond market in China is approaching 50 billion yuan.The dynamics of new issues can be found in the corresponding section of the Cbonds website.
Full nameMinistry of Finance of the People’s Republic of China