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China to float over $4b T-bonds

(Xinhua)
Updated: 2009-09-03 06:52

Chinese Ministry of Finance announced in Beijing Wednesday that it will issue a new batch of book-entry treasury bonds worthy of 28.54 billion yuan ($4.20 billion) this week, which is the 21th of its kind ever launched by the ministry this year.

According to a statement from the ministry, this batch of T-bonds, with a term of one year, has a fixed annual interests rate of 1.46 percent.

Related readings:  China to issue $4b treasury bonds  China to issue $4.06b of book-entry treasury bonds  China in liquidity double-bind with US treasury bonds  China cuts US Treasury holdings in June

The bonds will be sold to the public between September 3 and September 7, with interests to be calculated as of September 3 this year. The principal and interests will be repaid on September 3, 2010.

According to the ministry, the bonds will become tradable on September 9 through the national inter-bank bond market and over the trial counters of the designated commercial banks.