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China to float 10-year book-entry T-bonds

(Xinhua)
Updated: 2009-09-16 20:50

BEIJING: China's Ministry of Finance (MOF) said Wednesday it would issue 26.64 billion yuan ($3.9 billion) of book-entry T-bonds from Thursday, the 23rd issue of its kind this year.

Related readings:  China to float $3.93b three-year T-bonds Thursday  China to float 6b yuan renminbi bonds in HK  China to float $3.66b T-bonds

The bonds, with a 10-year term, have a fixed annual interest rate of 3.44 percent, the ministry said.

Sales of the bonds will run from September 17 to 21, with interest to be calculated yearly on September17.

Interest will be paid every half year, with the principal paid on maturity on September 17, 2019.  The bonds will become tradable on September 23.