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China to float 15b yuan T-bonds next week

(Xinhua)
Updated: 2009-11-21 14:45

China will issue 15 billion yuan ($2.2 billion) of short-term treasury bonds next week, the Ministry of Finance said in Beijing Friday.

Related readings:  China starts sale of 6b yuan bonds in Hong Kong  China issues 30b yuan bond to finance railway expansion  China to float 10-year book-entry T-bonds  China to float $3.66b T-bonds

The book-entry treasury bonds, which is the 24th batch of its kind in the year, has a term of 273 days, said the ministry in a statement on its website.

The T-bonds will be sold at an issue price of 98.979 yuan, with an annual interest rate of 1.39 percent.

According to the ministry, a three-day sales will begin on November 23. The interests of the bonds will be calculated on November 23 and become tradable on Nov 27.