requirements for the issuance of special bonds: issuance period: the term can be 1 year, 2 years, 3 years, 5 years, 7 years and 1 years; Discovery scale: 7 years and 1 years; Issue time: in principle, it will not be issued at the same time as book-entry treasury bonds and general government bonds; Issue type: the type of government special bonds should be book-entry fixed interest rate interest payment; Issuance method: The amount of special government bonds issued in a single period exceeds 5 million yuan, and it needs to be issued by tender. Issue interest rate: it should be above the average yield of book-entry treasury bonds in the same period; Repayment method: single government fund or special income is the source of debt repayment.
special bonds are a kind of local government bonds, which refer to bonds issued to raise funds for a specific project. The difference between special bonds (income bonds) and general bonds (ordinary bonds) is that the former refers to bonds issued to raise funds for the construction of a specific project, while the latter refers to bonds issued by local governments to alleviate the shortage of funds or solve the temporary shortage of funds.
local government bonds are classified according to the use of funds and the source of repayment funds, and can usually be divided into general bonds (ordinary bonds) and special bonds (income bonds). The former refers to bonds issued by local governments in order to alleviate the shortage of funds or solve the temporary shortage of funds, while the latter refers to bonds issued in order to raise funds to build a specific project.
for the repayment of general bonds, local governments usually use the local fiscal revenue as a guarantee, while for special bonds, local governments often use the income obtained after the completion of the project as a guarantee.
with the approval of the State Council and filing with the National People's Congress Standing Committee (NPCSC) in accordance with the law, the Ministry of Finance issued the third batch of new special bonds for local governments in 22 at the end of April, 22, with a quota of 1 trillion yuan ahead of schedule, and all localities have started preparations for issuance. Together with the first two batches of new local government bonds issued in advance of 1,848 billion yuan in 22, the amount of new bonds issued in advance has reached 2,848 billion yuan.
according to the arrangement of the the State Council executive meeting, the issuance of special bonds will reach its peak in May, and we will strive to complete the issuance by the end of May.
on may 12, 22, Guangdong successfully issued 71.2 billion yuan of special bonds, which were mainly used for the construction of major infrastructure projects in the fields of transportation infrastructure and people's livelihood services, and supported the construction of local public health and epidemic prevention systems.
general bonds are local bonds issued by local governments to make up for the general public financial deficit, which can alleviate the temporary financial shortage of local governments; Special bonds are bonds issued by local governments to build a specific project.
the use of special bond funds must be strictly in accordance with the agreement in the information disclosure documents of bond issuance. It is necessary to form physical workload as soon as possible, arrange the use, promote the early results of projects under construction, meet the needs of the public, and accelerate the progress of capital expenditure on the premise of ensuring safety and quality and compliance with laws and regulations.