Money

China to float 30.78b yuan of T-bonds

(Xinhua)
Updated: 2010-12-16 09:26
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BEIJING - China's Ministry of Finance said Wednesday it will sell 30.78 billion yuan ($4.6 billion) of 10-year book-entry treasury bonds from Thursday.

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The bonds - the 41st batch of their kind to be sold by the ministry this year - will carry a fixed interest rate of 3.77 percent, the ministry said in a statement on its website.

The bonds will be sold to the public from Thursday until Monday.

They will become tradable on Dec 22 through the national inter-bank bond market and over the counter at designated commercial banks.

Interest on the bonds will be paid every half year.