Money

China to issue 28b yuan of three-year T-bonds from Thursday

(Xinhua)
Updated: 2010-11-04 13:13

BEIJING - China will float 28 billion yuan ($4.19 billion) of three-year book-entry Treasury bonds from Thursday in a five-day sale, the Chinese Ministry of Finance said Wednesday.

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The bonds will have an annual interest rate of 2.68 percent and become tradable Nov 10.

Interest on the bonds will be paid on Nov 4 every year.

The bonds are the 35th batch of the kind to be sold by the ministry this year.

The bonds will be sold on inter-bank and securities bond markets.

Traders said the market now had adequate fluidity and short-term investment products were more popular because of high inflation anticipation and thus the bond's interest rate did not run high this time.