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China to Issue $4 bln Treasury Bonds This Week

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BEIJING,&nbsp;Apr. 2&nbsp;-- China's Ministry of Finance (MOF) said Wednesday it would issue this week 27.31 billion yuan (4 billion U.S. dollars) of book-entry treasury bonds, the fourth batch this year. 
&nbsp;&nbsp;&nbsp; The issue period would run from April 2 to 6, said the ministry in a statement on its website. 
&nbsp;&nbsp;&nbsp; The bonds, with a term of five years, have an annual interest rate of 2.29 percent. 
&nbsp;&nbsp;&nbsp; The interest would be calculated from the day of purchase and paid annually. Principal will be paid on April 2, 2014, according to the statement. 
&nbsp;&nbsp;&nbsp; China has increased its issues of treasury bonds to finance its4-trillion-yuan stimulus package for the next two years, with the central government to spend 1.18 trillion yuan. 
&nbsp;&nbsp;&nbsp; The MOF said the nation would issue ten batches of book-entry treasury bonds altogether in the second quarter. 
&nbsp;&nbsp;&nbsp; (Source: Xinhua)

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