According to an official announcement from the finance department of Central China Province on September 17th, the provincial government has approved a new round of municipal bond issuance totaling 56.004 billion yuan. These bonds, set for 2026, include both general and special purpose instruments, designed as book-entry fixed-rate coupon bonds.

The issuance breakdown includes 7.846 billion yuan in new general bonds with a 7-year maturity. The new special bonds, spanning maturities from 5 to 30 years, are allocated as follows: 2.789 billion yuan (5-year), 3.339 billion yuan (7-year), 861 million yuan (10-year), 2.238 billion yuan (15-year), 9.28 billion yuan (20-year), and 19.505 billion yuan (30-year). Additionally, refinancing special bonds maturing in 30 years will account for 10.146 billion yuan.

Bidding for this batch is scheduled for September 23rd, with interest accrual beginning the following day. The funds raised from the general bonds and a portion of the special bonds will be directed towards various infrastructure and development projects. Meanwhile, the proceeds from the refinancing special bonds, along with the remaining special bonds, have been specifically earmarked to replace existing hidden debts, a move aimed at strengthening the province's fiscal stability.

The provincial finance department will provide a detailed list of the specific projects funded by these bonds, ensuring transparency in the allocation of these substantial financial resources.