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China to issue one-year book-entry T-bonds

(Xinhua)
Updated: 2009-07-09 14:36

Related readings:  China to float 26b yuan in treasury bonds  China to complete 200b yuan local govt bond issues next month  China approves more corporate bond issuance in Q1

China's Ministry of Finance (MOF) said Wednesday it would issue 27.52 billion yuan ($4.03 billion) of one-year book-entry T-bonds this week, the 14th batch of this type this year.

The bonds have a fixed annual interest rate of 1.06 percent, with the interest to be paid once on maturity.

The sales period will run from July 9 to 13, and the bonds will be tradable from July 15, said the MOF in a statement on its website.

According to the MOF, the 15th batch, with planned face value of 28 billion yuan, will start bidding on July 15. The sales period for the three-year bonds will last from July 18 to July 20.