Economy

China to float $4.6 b in book-entry T-bonds

(Xinhua)
Updated: 2011-04-27 20:03

BEIJING - China's Ministry of Finance (MOF) said Wednesday that it will float 30 billion yuan ($4.61 billion) worth of book-entry treasury bonds starting Thursday.

The bonds will carry a mature term of 20 years with a fixed annual interest rate of 4.15 percent, according to a statement posted on the MOF's website.

The bonds will be sold to the public from April 28 to May 3 and become tradable on securities markets on May 5, said the statement.

The interest of the bonds will be paid on a half-year basis, the statement said.

The issuance marks the ministry's tenth batch of book-entry treasury bonds this year.