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China to issue $4.03B T-bonds, 14th in '09

(Xinhua)
Updated: 2009-07-08 22:52

BEIJING: China's Ministry of Finance (MOF) said Wednesday it would issue 27.52 billion yuan (US$4.03 billion) of one-year book-entry T-bonds this week, the 14th batch of this type this year.

Related readings:  China to issue 11.9b yuan local bonds this week  China to issue 50b yuan certificate T-bonds  Purchases of US bonds likely to continue  China to issue 16.9b yuan local bonds, 30b yuan T-bonds next week

The bonds have a fixed annual interest rate of 1.06 percent, with the interest to be paid once on maturity.

The sales period will run from July 9 to 13, and the bonds will be tradable from July 15, said the MOF in a statement on its website.

According to the MOF, the 15th batch, with planned face value of 28 billion yuan, will start bidding on July 15. The sales period for the three-year bonds will last from July 18 to July 20.