Economy

China to sell 28b yuan of T-bonds from Thursday

(Xinhua)
Updated: 2010-06-23 20:09

BEIJING - China's Ministry of Finance (MOF) said Wednesday it will sell 28.01 billion yuan ($4.1 billion) of 10-year book-entry Treasury bonds from Thursday.

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The bonds will pay a fixed annual interest rate of 3.41 percent, the ministry said in a statement.

Interest on the bonds will be paid semi-yearly from June 24.

The bonds will be sold on the national inter-bank bond market and stock market from June 24 to June 28 and become tradable June 30.

The sale is the MOF's 19th issue of book-entry Treasury bonds this year.