China to issue 13th batch of treasury bonds
Updated: 2006-08-31 07:10
The Chinese government will issue 33.11 billion yuan (4.19 billion US
dollars) worth of book-entry treasury bonds on Thursday, the 13th batch this
year, the Ministry of Finance has announced.
With a maturity term of seven years and an annual interest rate of 2.89
percent, the bonds would be floated on the capital market on September 11, the
ministry said in a statement posted on its official website Wednesday.
The issue would be completed on September 5 and the interest would be
calculated from August 31, said the statement.
Major underwriters for the issue of the bonds include the Bank of China, the
China Construction Bank, the Agricultural Bank of China and the Industrial and
Commercial Bank of China.