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MOF: China to float 29.12b yuan T-bonds next week

By Wang Bo (chinadaily.com.cn)
Updated: 2009-07-03 19:22

China plans to issue 29.12 billion yuan worth of treasury bonds in a week, the Ministry of Finance (MOF) said on Friday in a statement.

As part of the nation's fourth batch this year, the five-year book-entry bond has a fixed annual interest rate of 2.29 percent and will become tradable from July 10, the MOF said.

The ministry will also float another 11.9 billion yuan and 11.2 billion yuan worth of treasury bonds on behalf of the local authorities of Ningbo, Shenzhen, Xinjiang Uygur autonomous region, Shandong, Liaoning, Jilin, Guangxi, Heilongjiang as well as Inner Mongolia.

The two batches of local bonds will be put up for public bidding on July 6 and 13 respectively.