Money

China to sell 20b yuan short-term T-bonds next week

(Xinhua)
Updated: 2010-09-19 09:58

BEIJING - China's Ministry of Finance (MOF) said on Sept 17 it will sell a batch of book-entry discount treasury bonds with a total face value of 20 billion yuan ($2.98 billion) from next week.

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With a term of 182 days, the bonds will be sold to the public at a price of 99.074 yuan for each bill with a face value of 100 yuan, said a statement on the MOF website.

The bonds will provide investors an annual yield of 1.89 percent, said the statement.

Investors will be paid the face value when the term is due.

The bonds will have a two-day sale period from Sept 20 and become tradable at all exchange markets. This is the 13th batch of its kind launched by the ministry this year.