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China to Issue 30 bln Yuan of Book-Entry T-bonds
Mar 24, 2011 10:22Source:SMM
BEIJING, Mar. 24 -- China's Ministry of Finance(MOF) said Wednesday it will sell 30 billion yuan (4.57 billion U.S. dollars) worth of book-entry treasury bonds starting Thursday.
The one-year bonds carry a fixed interest rate of 2.8 percent and will be sold to the public from March 24 to March 28, according to a statement posted on the MOF website.
The bonds, the ministry's ninth issue of book-entry treasury bonds this year, can be traded in exchange markets starting March 30 and interest on the bonds will be paid upon maturity on March 24, 2012, the ministry said.
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