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China to float 15 billion yuan T-bonds next week

(Xinhua)
Updated: 2009-11-21 08:38

BEIJING - China will issue 15 billion yuan (about 2.2 billion U.S. dollars) of short-term treasury bonds next week, the Ministry of Finance said here Friday.

The book-entry treasury bonds, which is the 24th batch of its kind in the year, has a term of 273 days, said the ministry in a statement on its website.

The T-bonds will be sold at an issue price of 98.979 yuan, with an annual interest rate of 1.39 percent.

According to the ministry, a three-day sales will begin on November 23.  The interests of the bonds will be calculated on November 23 and become tradable on November 27.