China issues seven-year treasury bonds
(Xinhua) Updated: 2014-01-16 10:08BEIJING - China will issue 10 billion yuan ($1.64 billion) of seven-year book-entry treasury bonds, the Ministry of Finance announced Wednesday.
It is the third issuance of book-entry T-bonds this year.
Interest on the bonds is fixed at 4.44 percent. Interest and the principal will both be paid upon maturity on Jan 16, 2021.
The bonds are being sold on the inter-bank bond market until January 20 and will become tradable on January 22.
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