BEIJING — The value of bonds issued in China last month totaled 3.9 trillion yuan ($557 billion), up from 3.1 trillion yuan in October, official data showed.

Treasury bond issuance stood at 402.2 billion yuan, while local government bond issuance was 45.79 billion yuan, according to the People's Bank of China.

Financial bonds issued last month were valued at 600 billion yuan, and corporate debenture issuance was 908.4 billion yuan.

By the end of November, total bonds outstanding reached 97.6 trillion yuan, showed the data.