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BIZCHINA / Top Biz News
China to issue 28b yuan book-entry T-bonds
(Xinhua)
Updated: 2007-09-06 11:58
China will issue 28 billion yuan (US$3.7 billion) of short-term
book-entry treasury bonds from September 6, the Ministry of Finance (MOF)
said in a statement on Wednesday.
The three-month T-bonds, with a par value of 100 yuan, will be sold at
the price of 99.411 yuan, carrying an annual yield of 2.49 percent. The
bonds will be repaid at the par value on December 6, 2007.
The bonds will be sold via the national inter-bank bond market and stock
markets between September 6 and September 10, and tradable from September
12.
This is the fifteenth batch of book-entry T-bonds to be issued by the MOF
this year.
The MOF announced on the same day that it will issue the next batch of
one-year 28 billion yuan of book-entry T-bonds between September 13 and
18.
China has issued a total of 460 billion yuan of book-entry treasury bonds
this year. The value was 652.72 billion yuan in 2006, 150 billion yuan
more than the 2005 figure.
(For more biz stories, please visit Industry Updates)
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