Economy

China to issue $4.2b book-entry discount T-bonds

(Xinhua)
Updated: 2010-10-23 09:44

BEIJING - China's Ministry of Finance (MOF) announced Friday it would sell 28 billion yuan ($4.2 billion) of book-entry discount treasury bonds from next Monday.

The bonds would be sold at a discount and mature at face value, said the ministry in a statement on its website.

With a term of 91 days, the issue price of the discount bonds would be 99.542 yuan, said the statement.

The bonds will be sold from October 25 to 27 and become tradable on inter-bank and securities bond markets on October 29.

The issue is the 14th batch of its kind this year.