Money

China to issue 28b yuan of 20-yr T-bonds from Sept 2

(Xinhua)
Updated: 2010-09-02 10:27

BEIJING - China's Ministry of Finance said Wednesday it will sell 28 billion yuan ($4.12 billion) of 20-year book-entry treasury bonds from Thursday.

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The bonds will have a fixed annual interest rate of 3.82 percent, the ministry said in a statement on its website.

Interest will be paid on the bonds every half year.

The bonds will be sold to the public from Sept 2 to Sept 6 and become tradable on Sept 8 through the national inter-bank bond market and over the counter at designated commercial banks.

The bonds will be the second of their kind issued in 2010. The ministry sold the previous batch in April at a yield of 3.96 percent.