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Home / Metal News / China to Float 30 Bln Yuan in 10-year T-bonds from Thursday

China to Float 30 Bln Yuan in 10-year T-bonds from Thursday

iconAug 18, 2011 10:02
Source:SMM
China's Ministry of Finance (MOF) said Wednesday that it will sell 30 billion yuan (4.69 billion U.S. dollars) in 10-year book-entry treasury bonds starting Thursday

BEIJING, Aug. 17 (Xinhua) -- China's Ministry of Finance (MOF) said Wednesday that it will sell 30 billion yuan (4.69 billion U.S. dollars) in 10-year book-entry treasury bonds starting Thursday.

The bonds carry a fixed annual interest rate of 3.93 percent, the ministry said in a statement on its website.

The sales period for the bonds will last from Aug. 18 to 22 and the bonds will become tradable on the securities markets on Aug. 24, according to the statement.

Interest on the bonds will also be paid semiannually while the principal will be returned upon maturity on Aug. 18, 2021, the statement said.

 

MOF

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