The Jiangsu Provincial Department of Finance announced that the total planned issuance of local government Refinancing special Bonds (Phase I to Phase IV) for Jiangsu Province in 2025 is 100 billion yuan, with maturities of 10 years, 15 years, 20 years, and 30 years, and the raised funds will be used to replace existing hidden debts, with bidding on February 21.
江苏省拟发行1000亿元再融资专项债，置换存量隐性债务
Jiangsu Province plans to issue 100 billion yuan in Refinancing special Bonds to replace existing hidden debts.
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