Economy
China to float 26B book-entry treasury bonds this week
(Xinhua)
Updated: 2010-03-10 23:02
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BEIJING - China's Ministry of Finance (MOF) will offer seven-year book-entry treasury bonds with a total par value of 26 billion yuan (3.8 billion US dollars) Thursday, the ministry said.
The issue of the bonds would finish next Monday, and from March 17 the bonds could be traded on the interbank bond market and securities bond market, according to the statement.
This was the 5th batch of book-entry bonds MOF has issued this year, the ministry said.
Book-entry bonds are the bonds recorded in the investors' securities accounts called book entries. They can be traded on the open market, and their market prices can deviate from par value.
