"Xiang" complements the "bonds" of "bonds" Hunan Province issued local government counter bonds through the Bank of China

For the first time, the Hunan Provincial Government issued Hunan Provincial Government Bonds to individuals and small and medium-sized institutional investors through the commercial bank counter market, with a 3-year book-entry fixed-rate interest-bearing bond, and the total amount of over-the-counter offerings did not exceed 500 million yuan. The funds raised from the bonds will be included in the government's general public budget management and will be invested in public welfare construction projects.

Bank of China Hunan Branch, as the undertaking bank, attaches great importance to this work, in order to orderly promote the overall smooth development of the bank's over-the-counter issuance of Hunan Provincial Government bonds, a special leading group headed by the leaders of the provincial branch bank and a working group led by the heads of multiple departments has been set up to plan in advance and link up public and private to effectively support the economic development of Hunan. At that time, investors can subscribe through more than 400 outlet counters and mobile banking channels under the jurisdiction of Bank of China in Hunan.

It is reported that Hunan Provincial Government bonds have multiple characteristics such as high security, low transaction threshold, multiple subscription channels, strong liquidity, excellent tax exemption policies, and large social contributions. The tender date for the current Hunan Provincial Government Bonds is October 25 and the distribution date is October 26-28. The face value of the bond is 100 yuan, and the amount of the bond subscribed by investors is an integer multiple of the par value of 100 yuan, and the coupon rate will be determined by the public bidding of the 2020-2022 Hunan Provincial Government Bond Underwriting Group through the interbank and exchange markets on October 25.

The issuance of Hunan provincial government bonds through the commercial bank counter is of great significance, which can promote the sustainable development of local bonds, broaden the channels for issuing government bonds, enrich investor groups, enhance bond liquidity and market influence; broaden the channels of investors' property income, enrich the investment varieties of individuals and small and medium-sized institutions, and better meet the needs of low- and medium-risk investors; can enhance the public's sense of participation in local construction, help implement the "three highs and four new" strategy, and share the fruits of reform and development.

In the next stage, Bank of China Hunan Branch will continue to play the role of financial support for the economy, focus on social and people's livelihood, real economy and other fields, help the Hunan Provincial Government bond counter business, meet the diversified investment needs of investment entities, jointly promote the local economic development of Hunan, and share the fruits of reform and development. ( Liao Bobo )

[Editor-in-Charge: Listen to The Week]

[Source: New Hunan Client]