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China to issue $3.8b of book-entry T-bonds

(Xinhua)
Updated: 2009-07-30 11:36

China's Ministry of Finance announced Wednesday that it will issue a batch of seven-year book-entry treasury bonds worth 26 billion yuan ($3.82 billion) this week, the 17th such issue this year.

According to the ministry's statement, the new batch of T-bonds, with a fixed annual interest of 3.15 percent, will be sold to the public from July 30 to August 3. Interest will be paid annually.

The bonds will become tradable on August 5 through the national inter-bank bond market and over the counter at designated commercial banks.