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China to issue 20b yuan of book-entry discount T-bonds

China to issue 20b yuan of book-entry discount T-bonds

Write: Erwina [2011-05-20]

BEIJING - China's Ministry of Finance (MOF) said Friday it will sell 20 billion yuan ($2.95 billion) of book-entry discount treasury bonds from Monday.The bonds will be sold at a discount and mature at face value.

The issue price of the discount bonds will be 99.108 yuan and they have a term of 182 days, equivalent to a 1.82-percent interest rate, said a statement on the ministry's website.The bonds will be sold from August 23 to 25 and can be tradable on the inter-bank and securities bond market on August 27.The issue is 11th batch of its kind this year

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