China to Float 30.78 bln Yuan of 10-Year Book-Entry T-Bonds from Thursday -Shanghai Metals Market

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China to Float 30.78 bln Yuan of 10-Year Book-Entry T-Bonds from Thursday

Data Analysis 10:32:20AM Dec 16, 2010 Source:SMM

BEIJING, Dec. 16 -- China's Ministry of Finance said Wednesday it will sell 30.78 billion yuan (4.6 billion U.S. dollars) of 10-year book-entry treasury bonds from Thursday.

The bonds - the 41st batch of their kind to be sold by the ministry this year - will carry a fixed interest rate of 3.77 percent, the ministry said in a statement on its website.

The bonds will be sold to the public from Thursday until Monday.

They will become tradable on Dec. 22 through the national inter-bank bond market and over the counter at designated commercial banks.

Interest on the bonds will be paid every half year.

 

China to Float 30.78 bln Yuan of 10-Year Book-Entry T-Bonds from Thursday

Data Analysis 10:32:20AM Dec 16, 2010 Source:SMM

BEIJING, Dec. 16 -- China's Ministry of Finance said Wednesday it will sell 30.78 billion yuan (4.6 billion U.S. dollars) of 10-year book-entry treasury bonds from Thursday.

The bonds - the 41st batch of their kind to be sold by the ministry this year - will carry a fixed interest rate of 3.77 percent, the ministry said in a statement on its website.

The bonds will be sold to the public from Thursday until Monday.

They will become tradable on Dec. 22 through the national inter-bank bond market and over the counter at designated commercial banks.

Interest on the bonds will be paid every half year.