China will issue 30 billion yuan (US$3.93 billion) of book-entry
treasury bonds, the Ministry of Finance (MOF) said in a statement on Wednesday.
three-month T-bonds carry an annual interest rate of 2.34 percent and will be
sold via the national inter-bank bond market and stock markets between June 7
and June 11, and will be repaid on September 7.
This is the eighth batch of book-entry T-bonds to be issued by the MOF this
year. China issued book-entry treasury bonds totaling 652.72 billion yuan in
2006, 150 billion yuan more than the 2005 figure.
The Chinese government pledged earlier this year to cut the issuance of
treasury bonds in 2007 by a "modest" amount in a bid to reduce its financial
deficit and expand channels for direct financing.
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