Money
China to issue 32b yuan book-entry T-bonds
Updated: 2010-12-02 10:31
(Xinhua)
BEIJING - China's Ministry of Finance said Wednesday it would sell 32.1 billion yuan ($4.8 billion) of five-year book-entry treasury bonds beginning on Thursday.
The bonds, the 39th batch to be floated this year, carry a fixed interest rate of 3.64 percent and will be sold to the public from Dec 2 to Dec 6, the ministry said in a statement posted on its website.
Further, these bonds will become tradable on Dec 8 through the national inter-bank bond market and over the counter at designated commercial banks.
|
The bonds include 4 billion yuan of one-year bonds with a fixed annual interest rate of 2.85 percent, 10 billion yuan of three-year bonds with an annual interest rate of 4.25 percent, and 6 billion yuan of five-year bonds with an annual interest rate of 4.6 percent.
Also, interest will be calculated from the day of purchase and principal and interest will be paid upon maturity, the ministry said.
E-paper
Ear We Go
China and the world set to embrace the merciful, peaceful year of rabbit
Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order
Specials
Mysteries written in blood
Historical records and Caucasian features of locals suggest link with Roman Empire.
Winning Charm
Coastal Yantai banks on little things that matter to grow
New rules to hit property market
The State Council launched a new round of measures to rein in property prices.