Home Facts market

China to Float 30 bln yuan of 30-year Book-entry T-bonds

China to Float 30 bln yuan of 30-year Book-entry T-bonds

Write: Beacan [2011-06-23]

The Ministry of Finance now says that it will sell 30 billion yuan worth of treasury bonds this week.

The 30-year bonds have a fixed annual interest rate of 4.5 percent.

The bonds will be sold from Thursday to next Monday, and will become tradeable on the markets on Wednesday.

Interest on the bonds will be paid semi-annually, while the principal will be returned upon maturity in 2041.