Economy

Central bank issues 20b yuan one-year bills

By Cai Muyuan (chinadaily.com.cn)
Updated: 2010-05-18 17:09
Large Medium Small

China's central bank began to sell 20 billion yuan ($3 billion) of one-year bills on May 18. The bank injected 152 billion yuan to the money market through open market operations last week, ending the 11-week-long net reduction in the money supply, chinanews.com reported Tuesday.

Related readings:
Central bank issues 20b yuan one-year bills PBOC to sell 14b yuan bills
Central bank issues 20b yuan one-year bills Central bank to end 11-week liquidity reduction
Central bank issues 20b yuan one-year bills China April new lending top 774b yuan
Central bank issues 20b yuan one-year bills China frets over rising capital inflow pressure

The People's Bank of China said that the 20 billion yuan bills are discount notes and all primary dealers for the open market business can bid for them. The matured bills will be cashed in a par value of 100 yuan, the website reported.

The bills are the first batch this week, rising by 6 billion yuan from the last one, the report said, adding that three-year bills are likely to be issued later this week.

A total of 95 billion yuan of bills and repos will mature this week..