Economy

China to issue $2.2b book-entry T-bonds next week

(Xinhua)
Updated: 2010-04-17 11:44

BEIJING - China's Ministry of Finance (MOF) Friday announced it would launch a new batch of book-entry treasury bonds, with a total value of 15 billion yuan ($2.2 billion), from April 19 to 21.

Related readings:  China to float $4b book-entry treasury bonds  China to float 26B book-entry treasury bonds this week  China to float 10-year book-entry T-bonds  China to float two batches of book-entry T-bonds

The bonds, with a term of 182 days, would be sold at a fixed annual interest rate of 1.46 percent. With a par value of 100 yuan, the bonds would be sold at 99.283 yuan each, said a statement from the MOF.

They would be tradable on April 23 and interest would be calculated from April 19.

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