China to float 28b yuan more in T-bonds

Updated: 2011-08-11 09:13


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BEIJING-- The Ministry of Finance (MOF) said on Wednesday that it will sell 28 billion yuan ($4.36 billion) more in 30-year book-entry treasury bonds starting Thursday.

Like the issuance of 30-year book-entry bonds sold during June 23-27, this batch of bonds carry the same fixed annual interest rate of 4.5 percent, the ministry said in a statement on its website.

Interest on the bonds will also be paid semiannually while the principal will be returned upon maturity on June 23, 2041, the statement said.

The bonds will be sold during Aug 11-15 and become tradable on exchange markets starting Aug 17, it added.

The ministry previously sold 30 billion yuan worth of 30-year book-entry treasury bonds.