China will issue 15 billion yuan (2.2 billion U.S. dollars) of book-entry treasury bonds and 30 billion yuan of certificate treasury bonds next week, the Ministry of Finance said Friday
BEIJING, Oct. 9 (Xinhua) -- China will issue 15 billion yuan (2.2 billion U.S. dollars) of book-entry treasury bonds and 30 billion yuan of certificate treasury bonds next week, the Ministry of Finance said Friday.
The book-entry treasury bonds, with a term of 91 days, will begin three-day sales on Oct. 12. The T-bonds will be sold at an issue price of 99.697 yuan with an annual interest rate of 1.25 percent.
The interests of the T-bonds will be calculated on Oct. 12 and become tradable on Oct. 16.
The ministry said it would issue 30 billion yuan of certificate T-bonds, the fifth batch this year, from Oct. 15 to 31 this year.
The bonds include 15 billion yuan of one-year bonds with a fixed annual interest rate of 2.60 percent and 15 billion yuan of three-year bonds with an annual interest rate of 3.73 percent.
Interest would be calculated from the day of purchase. Principal and interest would be paid upon maturity, the ministry said.