Economy

China to float 7-year T-bonds at yield of 3.22%

(Xinhua)
Updated: 2009-12-16 22:00
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BEIJING: China's Ministry of Finance said it will issue 27.12 billion yuan (US$3.97 billion) of book-entry treasury bonds since Thursday, the 32th batch of its kind this year.

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The bonds, with a term of 7 years, will be sold to the public at a fixed annual interest rate of 3.22 percent, said the ministry in a statement on Wednesday.

The ministry said the sales period of the bonds will run from December 17 to 21. Interest will be paid annually, with the principal paid on maturity, namely December 17, 2016.

The bonds will become tradable through all kinds of bourses and over the trial counters of the designated commercial banks on December 23.
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