Economy
China to issue $4.7 billion T-bonds next week
(Xinhua)
Updated: 2010-05-14 22:43
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BEIJING - China's Ministry of Finance announced Friday that two new batches of book-entry treasury bonds will be issued next week with a total value exceeding 32 billion yuan (US$4.7 billion).
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The second batch, with a total face value of 17.37 billion yuan, will have a term of 273 days. The issuing price will be 98.738 yuan with a face value of 100 yuan, and the annual yield will be 1.72 percent.
The three-day issue of both batches will start on May 17, with interest calculated from that day. The bonds will be traded on May 21.
