Finance: Treasury bonds issue
(China Daily)
Updated: 2006-05-16 14:49 China has begun to issue 30.8
billion yuan (US$3.85 billion) worth of book-entry treasury bonds with terms of
maturity of five years.
The T-bonds, the fifth batch of its kind issued this year, carry an annual
interest rate of 2.40 per cent, the Ministry of Finance said in a statement. The
issue of the T-bonds, whose interest will be calculated from May 16, will be
completed by May 19, said the ministry.
The ministry said the T-bonds are available to investors with accounts for
investment in funds, shares and bonds at the China Securities Depository and
Clearing Co or the China Treasury Bonds Depository and Clearing Co. The bonds
will also be floated for cash trading from May 25 on the national inter-bank
bonds markets or the stock markets.
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