Economy
China to issue $3.8B T-bonds, 7th this year
(Xinhua)
Updated: 2010-03-24 23:23
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BEIJING: China's Ministry of Finance (MOF) announced Wednesday it would issue a batch of ten-year book-entry treasury bonds with a total par value of 26 billion yuan ($3.8 billion) starting on Thursday. ? ?
The batch is the 7th of its kind the MOF has issued this year. ?
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The bonds would be traded on the interbank bond market and ?securities bond market from March 31. ? ?
The bonds have a fixed annual interest rate of 3.36 percent, with the interests to be paid every half year, on March 25 and September 25, respectively, according to the statement. ? ?
The last interest payments and principals would be paid back together on March 25, 2020, statement 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.??
