Business
        

Money

China to issue 32b yuan book-entry T-bonds

Updated: 2010-12-02 10:31

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

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.

Related readings:
China to issue 32b yuan book-entry T-bonds Govt to sell $1.2b in bonds
China to issue 32b yuan book-entry T-bonds RMB Sovereign Bonds issued in HK again
China to issue 32b yuan book-entry T-bonds China to float third-ever 50-year T-bonds
China to issue 32b yuan book-entry T-bonds China sells Japanese bonds for second month in a row

In another statement, the ministry said it would float 20 billion yuan of certificate T-bonds, the fifth batch of this year, from Dec 6 to Dec 20.

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

European Edition

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.

Top 10 of 2010
China Daily in Europe
The Confucius connection