河南完成2025年度政府债券发行工作

Core Insights - The province successfully issued its 21st batch of government bonds amounting to 58.03 billion yuan, which includes 24.83 billion yuan of new general bonds at an interest rate of 1.99% and 33.2 billion yuan of new special bonds at an interest rate of 2.42% [1] - The total issuance of local government bonds for the year reached 517.81746 billion yuan, marking the first time it exceeded 500 billion yuan, ranking fifth nationwide [1] - The average issuance term was extended to 19.08 years, with the proportion of bonds issued for over 10 years increasing from 42.93% to 62.21%, effectively alleviating repayment pressure [1] Summary by Category General Bonds - New general bonds issued totaled 278.6713 billion yuan with an average interest rate of 2.11%, which is a reduction of 19 basis points from the previous year [1] Special Bonds - New special bonds issued amounted to 212.1 billion yuan, with refinancing special bonds at 180.61246 billion yuan [1] Financing Efficiency - The issuance strategy was designed to ensure continuous funding for major projects while maximizing the efficiency of bond fund utilization [2] - The provincial finance department plans to implement a more proactive fiscal policy and optimize the bond issuance schedule to accelerate the use of bond funds [2]