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Bond sales down more than 5% in January-February

China's bond offerings decreased 5.1 percent year-on-year to 992.26 billion yuan ($159.9 billion) in January and February, data from the People's Bank of China, the nation's central bank, showed on Tuesday. On the interbank market, China's largest over-the-counter market, bond sales declined 4.7 percent year-on-year to 970.83 billion yuan. In February, overall 588.09 billion yuan of bonds were issued, up 15.7 percent on year and 45.5 percent over January.

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