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China to float 28B yuan long-term book-entry bonds

(Xinhua)
Updated: 2009-06-10 19:08

BEIJING - China's Ministry of Finance (MOF) said Wednesday it would issue 28 billion yuan (US$4.1 billion) of fifteen-year book-entry T-bonds, the 11th batch of its type this year.

The bonds have a fixed annual interest of 3.69 percent.

The selling period lasts from June 11 to 15, and is tradable June 17, said the MOF.

Interest on the bonds will be calculated from the day of purchase, with interest to be paid every half year. The principal will be paid upon maturity on June 11, 2024.