Economy

China to issue 28.71b yuan seven-year treasury bonds

(Xinhua)
Updated: 2010-10-13 21:08
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BEIJING -- China's Ministry of Finance said Wednesday that it would sell a batch of seven-year book-entry treasury bonds worth 28.71 billion yuan (US$4.3 billion) from Thursday.

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The bonds, with a fixed annual interest rate of 3.1 percent, would be sold to the public from October 14 to 18, and become tradable on October 20, according to a statement on the ministry's website.

Interest would be paid on October 14 every year from 2011 to 2017. Principal will be returned on October 14, 2017, according to the statement.

To date, the ministry has issued 32 batches of book-entry treasury bonds this year.