China to issue 15 bln yuan book-entry T-bonds, 30 bln yuan certificate T-bonds next week

China will issue 15 billion yuan (2.2 billion U.S. dollars) of book-entry treasury bonds and 30 billion yuan of certificate treasury bonds next week, the Ministry of Finance said Friday.

The book-entry treasury bonds, with a term of 91 days, will begin three-day sales on Oct. 12. The T-bonds will be sold at an issue price of 99.697 yuan with an annual interest rate of 1.25 percent.

The interests of the T-bonds will be calculated on Oct. 12 and become tradable on Oct. 16.

The ministry said it would issue 30 billion yuan of certificate T-bonds, the fifth batch this year, from Oct. 15 to 31 this year.

The bonds include 15 billion yuan of one-year bonds with a fixed annual interest rate of 2.60 percent and 15 billion yuan of three-year bonds with an annual interest rate of 3.73 percent.

Interest would be calculated from the day of purchase. Principal and interest would be paid upon maturity, the ministry said.

Source: Xinhua