Money

China to issue 30b yuan in T-bonds

(Xinhua)
Updated: 2011-02-17 13:28

BEIJING - China's Ministry of Finance announced Wednesday it will start selling 30 billion yuan ($4.55 billion) worth of book-entry treasury bonds this week.

With a maturity term of five years, the T-bonds would have a fixed annual par interest rate of 3.6 percent, the ministry said.

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The public will be able to purchase the bonds from February 17 to 21 at the retailing outlets of designated underwriting institutions.

The bonds will become tradable in all exchange markets from February 23. The interests would be paid annually, said the ministry.

This is the fourth batch of book-entry national treasury bonds launched by the ministry this year.