China's bond issuance up 7.5 percent in 2018

The value of bonds issued in CHINA last Year totaled 43.1 trillion yuan (about 6.4 trillion U.S. dollars), up 7.5 percent Year-on-Year, according to data from the country's central bank.

The People's Bank of CHINA (PBOC) owed the rise to the notable increases in issuances of non-financial enterprise debt financing instruments and interbank negotiable certificates of deposits.

By the end of 2018, CHINA's outstanding bonds amounted to 86 trillion yuan, surging 15.1 percent Year-on-Year.

Bond issuance interest rates saw notable declines last Year, with that of 10-Year treasury bonds issued in December dropping 57 basis points from the same period in the previous Year to 3.25 percent.

Meanwhile, the interest rate of seven-Year financial bonds issued by the CHINA Development Bank stood at 3.6 percent last Year, down 134 basis points Year-on-Year.

The central bank also said that treasury bonds with maturities of one, three, five, seven and 10 Years all saw lower rates of return last Year.