China Floats 28 Bln Yuan of Book-Entry T-Bonds

Data Analysis 09:27:45AM Feb 09, 2012 Source:SMM

BEIJING, Feb. 8 (Xinhua) -- The Ministry of Finance announced Wednesday to sell 28 billion yuan (4.44 billion U.S. dollars) worth of book-entry treasury bonds.

The one-year bonds have a annual interest rate of 2.87 percent, the ministry said in a statement on its website.

The bonds will be sold from Wednesday to Friday and become tradable on exchange markets starting Feb. 14, the statement said.

The principal and the interest on the bonds will be returned upon maturity on Feb. 8, 2013, it added.

The issue of bonds is the ministry's second batch of book-entry treasury bonds this year.

 

China Floats 28 Bln Yuan of Book-Entry T-Bonds

Data Analysis 09:27:45AM Feb 09, 2012 Source:SMM

BEIJING, Feb. 8 (Xinhua) -- The Ministry of Finance announced Wednesday to sell 28 billion yuan (4.44 billion U.S. dollars) worth of book-entry treasury bonds.

The one-year bonds have a annual interest rate of 2.87 percent, the ministry said in a statement on its website.

The bonds will be sold from Wednesday to Friday and become tradable on exchange markets starting Feb. 14, the statement said.

The principal and the interest on the bonds will be returned upon maturity on Feb. 8, 2013, it added.

The issue of bonds is the ministry's second batch of book-entry treasury bonds this year.