China to float 28b yuan of T-bonds
(Xinhua)
Updated: 2007-10-22 15:42
The Chinese government will launch 28 billion yuan (US$3.72 billion) of book-entry treasury bonds on Monday, the 17th batch of its kind this year, according to the Ministry of Finance (MOF).
The five-year T-bonds, with a fixed annual yield of four percent, will be sold via the national inter-bank bond market, the stock market and commercial banks from October 22 to 25, and will be available for trading on the stock market and over the counters of designated commercial banks from October 29.
China has issued a total of 516 billion yuan of book-entry treasury bonds this year.
China's book-entry T-bonds totaled 652.72 billion yuan last year, 150 billion yuan more than in 2005.
China has seen a boom in bond launches in the past month, as the country strives to curb excessive liquidity.
On September 5, the MOF floated 28 billion yuan of three-month book-entry T-bonds, the 15th batch this year. On September 13, the ministry launched another 28 billion yuan of one-year book entry T-bonds.
On September 10, the MOF announced it would launch a total of 200 billion yuan of special T-bonds to the public, around half of which have been issued ifloat 28b yuan of T-bondsn September.
|