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Home > China Business News > China Finance news > China to sell 28 bln yuan of 3-year book-entry T-bonds from Thursday

China to sell 28 bln yuan of 3-year book-entry T-bonds from Thursday

http://www.toocle.com/ 2010-08-12 08:15:36 CNTV.CN

  BEIJING, Aug.11 (Xinhua) -- China's Ministry of Finance said Wednesday it will sell a batch of three-year book-entry treasury bonds worth 28 billion yuan (4.13 billion U.S. dollars) from Thursday.

  A statement posted on the ministry's website said the bonds will pay a fixed annual interest rate of 2.3 percent. Interest will be paid annually.

  The bonds will be sold to the public from Aug. 11 to Aug. 16 and become tradable on Aug. 18 on the national inter-bank bond market and over the counter at designated commercial banks.

  The bonds will be the 25th batch of their kind launched by the ministry this year.