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China to float $3.6 bln in 10-year T-bonds |
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19:56, September 19, 2008 |
The Ministry of Finance said on Friday it would float 24.36 billion yuan (about 3.6 billion U.S. dollars) worth of book-entry treasury bonds, the 18th batch this year.
The ministry said in a statement that the 10-year bonds will have a fixed interest rate of 3.68 percent.
The bonds will be issued from Sept. 22-24 and start trading on Sept. 26.
Interest will be calculated from Sept. 22 and paid semi-annually, with the principal and interest to be paid at maturity.
The new issue will bring this year's book-entry T-bonds to a total of 927 billion yuan.
Source: Xinhua
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