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China to issue 60b yuan worth of T-bonds
(Xinhua)
Updated: 2006-02-18 08:14
China said Friday it has decided to issue 60 billion yuan (7.5 billion US
dollar) worth of certificate treasury bonds with terms of maturity of up to five
years next month, the first batch of of its kind to be issued this year.
The T-bonds include 42 billion yuan worth of those with a term of maturity of
three years and an annual par interest rate of 3.14 percent, and 18 billion yuan
worth of T-bonds with a term of maturity of five years and an annual par
interest rate of 3.49 percent, the Ministry of Finance said in a statement.
The T-bonds, whose interest will be calculated from the date of purchase and
paid only once at or after the date of maturity, will be issued between March 1
and 31 by designated underwriting institutions, said the ministry.
The ministry said the T-bonds will be available to the general public, who
should purchase them at the retailing outlets of members of 37 underwriting
institutions selected in 2004 for the issuance of certificate T-bonds.
The underwriters include the Industrial and Commercial Bank of China, the
Agricultural Bank of China, the Bank of China and the China Construction Bank,
as well as some share-holding commercial or city banks.
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