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China to Issue $3.5b Treasury Bonds
Mar 1,2010 09:04
CSTsmm insight
Source:SMM
BEIJING, Mar. 1-- China's Ministry of Finance (MOF) said Friday it would issue 24 billion yuan ($3.5 billion) of book-entry treasury bonds next week.
The three-day issue is scheduled to start on March 1, the MOF said in a statement posted on its website.
The bonds, with a term of 30 years, have a fixed annual interest rate of 4.08 percent to be paid out every half year, it said.
It will be the third time this year that the government has issued book -entry treasury bonds. The first two batches had terms of two years and ten years, respectively.
MOF
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