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CHINA> National
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China to issue $2.48B local bonds, $2.2B T-bonds
(Xinhua)
Updated: 2009-05-22 20:38 BEIJING -- China's Ministry of Finance (MOF) said Friday it would issue 16.9 billion yuan (US$2.48 billion) of three-year local government bonds next week on behalf of four provincial regions and municipalities at a fixed annual coupon rate of 1.67 percent.
The MOF also said it would issue two batches of book-entry treasury bonds with a face value of 15 billion yuan (US$2.2 billion) each starting next week. One has a term of 91 days, and the issue price, set by competitive bidding, was 99.799 yuan. The annual yield was 0.83 percent, the ministry said. The other has a term of 182 days, and the issue price was set at 99.582. It has an annual yield of 0.85 percent. The ministry said all the local bonds and book-entry T-bonds will be sold May 25 with sales ending May 27. The bonds could begin trading June 2. |
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