Government and Policy

China to issue 26B yuan of two-year treasury bonds

(Xinhua)
Updated: 2010-01-27 22:53

BEIJING: China is scheduled to issue 26 billion yuan ($3.82 billion) of book-entry treasury bonds from January 28, the Ministry of Finance (MOF) announced Wednesday.

Related readings:  BOC?to sell 40b yuan of convertible bonds  Bank of China to sell up to $5.8B in bonds  Bonds may be off-limits to foreigners  China to float 27b yuan 7-year T-bonds

The two-year bonds, the first batch of treasury bonds this year, will be issued on the national inter-bank bond market and securities exchange market on January 28 and January 29, the MOF said in a statement on its website.

The bonds have a fixed annual interest rate of 2.01 percent and will be available for trading from February 2. Interest will be paid annually. The principal will be paid upon maturity on January 28, 2012.

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