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China to float two batches of book-entry T-bonds
(Xinhua)
Updated: 2009-08-08 10:34 China's Ministry of Finance announced Friday it will issue two batches of book-entry treasury bonds with a total face value of 25 billion yuan ($3.67 billion) next week.
The other batch, with a face value of 15 billion yuan, will have a term of 273 days, and the issue price was set at 98.796 yuan for 100 yuan, with an annual yield of 1.64 percent. The two batches of T-bonds will begin three-day selling on Aug 10, with interest to be calculated on the same day. Both T-bonds will become tradable on Aug 14. (For more biz stories, please visit Industries)
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