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China announces treasury bond issues for May 7-25 |
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20:22, May 06, 2009 |
China's Ministry of Finance (MOF) said Wednesday it would issue 27.76 billion yuan (4.06 billion U.S. dollars) of book-entry treasury bonds this week.
The issue period would run from May 7 to 11, the ministry said in a statement on its website.
The 10-year bonds have an annual interest rate of 3.02 percent, with payments half yearly.
The MOF also said it would issue 50 billion yuan worth of certificate T-bonds next week.
The bonds include 40 billion yuan worth of three-year bonds that carry a fixed annual interest rate of 3.73 percent and 10 billion yuan of five-year bonds with a 4.00 percent annual interest rate.
They will be issued from May 11 to 25, the ministry said. Interest will be paid in a lump sum at maturity.
Source: Xinhua
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