China to float 30b yuan in e-savings bonds
Updated: 2012-06-05 09:37
(Xinhua)
|
|||||||||||
BEIJING - The Ministry of Finance (MOF) announced Monday that it will issue two batches of electronic savings bonds worth up to 30 billion yuan ($4.74 billion).
The two batches will be the fifth and sixth issues of such bonds this year, according to a statement on the ministry's website.
The fifth batch is worth 21 billion yuan and carries a term of three years with a fixed annual interest rate of 5.58 percent, while the sixth issue of five-year bonds is worth 9 billion yuan at a fixed annual interest rate of 6.15 percent, the MOF said.
The bonds will be issued from June 10-23, with the interest to be calculated from June 10 and paid annually, the statement said.
The issuance will be canceled or suspended if any interest rate hike occurs during the issue period, the statement said.
The bonds will be available only to individual investors, it said.
Electronic savings bonds are considered more convenient than other types of bonds, as interest can be paid directly into the investor's account.
Related Stories
HK to launch 2nd inflation-linked bond 2012-05-29 10:27
SMEs set for bond sales 2012-05-24 13:39
Ministry of Railways to sell $3.17b in bonds 2012-05-15 10:57
Local gov'ts to continue bond issuance trials 2012-05-15 09:50
New rules on 'dim sum' bond issuance 2012-05-09 14:16
China to float 30 billion yuan in e-savings bonds 2012-05-04 17:16
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |