On August 25, Henan Province successfully issued government bonds totaling 66.556 billion yuan, according to the provincial Department of Finance.

Of this total, 5.425 billion yuan in new general bonds were issued to fund infrastructure project construction. Additionally, 40.203 billion yuan in new special bonds were issued, with 11.338 billion yuan allocated to supplement local government fund financial resources, 16.859 billion yuan designated for existing government investment projects, and 12.006 billion yuan channeled into 162 construction projects across key sectors such as municipal and industrial park infrastructure, affordable housing projects, and ecological environmental protection.

Refinancing general bonds accounted for 15.968 billion yuan, used to repay part of the principal on maturing bonds, while refinancing special bonds totaled 4.96 billion yuan, designated for replacing existing implicit debt.

In terms of maturities and interest rates, the 5-year bonds amounted to 874.5 million yuan with an issuance rate of 1.44%; the 7-year bonds reached 22.002 billion yuan at 1.57%; the 10-year bonds totaled 652 million yuan at 1.73%; the 15-year bonds amounted to 1.858 billion yuan at 2.05%; the 20-year bonds reached 11.338 billion yuan at 2.22%; and the 30-year bonds totaled 29.8315 billion yuan at 2.28%.

Looking ahead, for the new special bonds supplementing local government fund financial resources, the provincial Department of Finance will strictly implement special debt budget management measures to fully leverage their role in broadening debt refinancing channels and enhancing fiscal sustainability. For new special bonds used in project construction, the department will continue to adhere to the principle of "funds following projects," using accelerated project progress to drive timely fund disbursement and swiftly generate tangible work output. Regarding refinancing special bonds for replacing implicit debt, oversight of bond funds will be further strengthened, with guidance and supervision provided to all municipalities to ensure effective debt replacement efforts and consolidate progress in debt resolution.