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Home / Metal News / China to Float 28 bln Yuan More in 30-Year Book-Entry T-bonds

China to Float 28 bln Yuan More in 30-Year Book-Entry T-bonds

iconAug 11, 2011 09:12
Source:SMM
The Ministry of Finance (MOF) said on Wednesday that it will sell 28 billion yuan (4.36 billion U.S. dollars) more in 30-year book-entry treasury bonds starting Thursday.

BEIJING, Aug. 11 (Xinhua) -- The Ministry of Finance (MOF) said on Wednesday that it will sell 28 billion yuan (4.36 billion U.S. dollars) more in 30-year book-entry treasury bonds starting Thursday.

Like the issuance of 30-year book-entry bonds sold during June 23-27, this batch of bonds carry the same fixed annual interest rate of 4.5 percent, the ministry said in a statement on its website.

Interest on the bonds will also be paid semiannually while the principal will be returned upon maturity on June 23, 2041, the statement said.

The bonds will be sold during Aug. 11-15 and become tradable on exchange markets starting Aug. 17, it added.

The ministry previously sold 30 billion yuan worth of 30-year book-entry treasury bonds.

 

30-year book-entry treasury bonds

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