Economy

China to float 30-yr T-bonds at yield of 4.23%

(Xinhua)
Updated: 2010-12-09 11:18
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BEIJING - China's Ministry of Finance said on Wednesday that it will sell a batch of 30-year long-term book-entry treasury bonds this week at a yield of 4.23 percent.

The bonds, with a total face value of 28 billion yuan ($4.2 billion), will be sold over five days starting Thursday, said the ministry in a statement on its website.

The bonds are the 40th batch of the kind to be sold by the ministry this year, and will be the fifth batch of 30-year T-bonds the ministry has sold this year.

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The bonds will become tradable on Dec 15 through the national inter-bank bond market and over the counter at designated commercial banks.

The interest will be paid every half year.