Banking

China to float another 30b yuan in fourth-batch T-bonds

(Xinhua)
Updated: 2011-04-07 16:18

BEIJING - China's Ministry of Finance on Thursday announced plans to sell another 30 billion yuan ($4.6 billion) worth of the fourth-batch book-entry treasury bonds this month.

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The series of bonds, with a maturity term of five years, carry a fixed annual interest rate of 3.6 percent, the same interest rate as the ministry's fourth issue of treasury bonds starting Feb 17 this year, the ministry said in a statement on its website.

This round of bonds will receive competitive bidding on April 13 and be sold from April 14 to 18, the statement said.

The bonds will join February's fourth issue to become tradable from April 20 through the national inter-bank bond market and securities exchange market, said the ministry.

The interest rate will be paid annually on Feb 17, according to the statement.