Mon, September 06, 2010
Business > Economy

China to issue 40 bln yuan of certificate T-bonds

2010-09-06 15:09:40 GMT2010-09-06 23:09:40 (Beijing Time)  Xinhua English

BEIJING, Sept. 6 (Xinhua) -- China's Ministry of Finance (MOF) said on Monday that it would float 40 billion yuan (5.88 billion U.S. dollars) of certificate T-bonds, the fourth group this year, from Sept. 13 to 27.

The bonds include 20 billion yuan of one-year bonds with a fixed annual interest rate of 2.6 percent and 20 billion yuan of three-year bonds with an annual interest rate of 3.73 percent, according to a statement on the ministry's website.

Interest will be calculated from the day of purchase, and principal and interest will be paid upon maturity, the ministry said.

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