Economy
China to issue $3.5b treasury bonds
(Xinhua)
Updated: 2010-02-26 21:54
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BEIJING - China's Ministry of Finance (MOF) said Friday it would issue 24 billion yuan ($3.5 billion) of book-entry treasury bonds next week.
The three-day issue is scheduled to start on March 1, the MOF said in a statement posted on its website.
The bonds, with a term of 30 years, have a fixed annual interest rate of 4.08 percent to be paid out every half year, it said.
It will be the third time this year that the government has issued book -entry treasury bonds. The first two batches had terms of two years and ten years, respectively.
