China to float 11.76b yuan in discount T-bonds next week

Updated: 2011-07-09 13:55


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BEIJING - China's Ministry of Finance (MOF) said Friday that it will sell 11.76 billion yuan ($1.81 billion) in 182-day book-entry discount treasury bonds next week.

The short-term bonds, which will come with an annual interest rate of 3.7 percent, will be issued on a discount basis at a price of 98.211 yuan per bill, according to a statement by the MOF.

The total face price of the bonds amounts to 15 billion yuan.

The sales period for the bonds will last from July 11 to 13, with the bonds becoming tradable on securities markets on July 15, according to the statement.

The issuance of the bonds marks the third time for the ministry to issue discount T-bonds this year. The ministry previously issued 10 billion yuan in 91-day book-entry discount treasury bonds in April and 9.63 billion yuan in 182-day discount treasury bonds in May.