Money

China to issue 29b yuan 7-yr treasury bonds

(Xinhua)
Updated: 2010-10-14 09:51

BEIJING - China's Ministry of Finance said?Oct 13?that it would sell a batch of seven-year book-entry treasury bonds worth 28.7 billion yuan ($4.3 billion) from Oct 14.

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The bonds, with a fixed annual interest rate of 3.1 percent, would be sold to the public from Oct 14 to 18, and become tradable on Oct 20, according to a statement on the ministry's website.

Interest would be paid on Oct 14 every year from 2011 to 2017. Principal will be returned on Oct 14, 2017, according to the statement.

To date, the ministry has issued 32 batches of book-entry treasury bonds this year.