China floats 28b yuan of book-entry T-bonds
Updated: 2012-02-09 11:13
(Xinhua)
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BEIJING - The Ministry of Finance announced Wednesday to sell 28 billion yuan ($4.44 billion) worth of book-entry treasury bonds.
The one-year bonds have an annual interest rate of 2.87 percent, the ministry said in a statement on its website.
The bonds will be sold from Wednesday to Friday and become tradable on exchange markets starting Feb 14, the statement said.
The principal and the interest on the bonds will be returned upon maturity on Feb 8, 2013, it added.
The issue of bonds is the ministry's second batch of book-entry treasury bonds this year.
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