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China to issue 22b yuan long-term treasury bonds

(Xinhua)
Updated: 2009-02-18 19:47

China will issue this year's second batch of book-entry bonds worth 22 billion yuan ($3.22 billion) from Thursday, according to the Ministry of Finance.

The ministry said in a statement Wednesday that the issue period would last till Feb 23.

The 20-year bonds have a fixed yield of 3.86 percent, with interest to be calculated from Feb 19, and paid twice a year on Feb 19 and Aug 19. The principal will be paid on Feb 19, 2029.

The year's first batch of book-entry bonds worth 26.93 billion yuan became tradable on Wednesday. The seven-year bonds with a fixed yield of 2.76 percent were issued from Feb 12 to 16.