Banking

China to sell 28b yuan of 30-year T-bonds

(Xinhua)
Updated: 2010-06-18 17:03
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BEIJING: China's Ministry of Finance (MOF) said Friday it will sell 28 billion yuan ($4.1 billion) of 30-year book-entry Treasury bonds next week.

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The bonds will pay a fixed annual interest rate of 4.03 percent, the ministry said in a statement on its website.

Interest on the bonds will be paid semi-yearly from June 21.

The bonds will be sold from June 21 to June 23 and become tradable on the exchange markets from June 25.

The bonds will be the ministry's 18th issue of 30-year book-entry Treasury bonds this year.