BIZCHINA / In Chinese Press
China to issue US$3.95b one-year T-bonds
(Xinhua)
Updated: 2007-06-14 11:11
China will issue 30.15 billion yuan (US$3.95 billion) of one-year
book-entry treasury bonds (T-bonds), the Ministry of Finance (MOF) said
in a statement on Wednesday.
The short-term T-bonds are the ninth batch of such bonds issued by the
MOF this year. China issued book-entry treasury bonds totaling 652.72
billion yuan (US$85.43 billion) in 2006, 150 billion yuan more than in
2005.
Special coverage:
Related readings:
Treasury bond to be issued to buy forex reserve
China to float US$3.93b of T-bonds Ministry of Finance to sell US$6.5b
bonds
China to reduce T-bond issuance this year
The batch of T-bonds carries a fixed interest rate of 2.61 percent and
will be sold via the national interbank bond market, stock markets and
some commercial banks between June 14 and June 19, and will be available
for trading on the market as of June 21.
Interest on the bonds will be calculated from the day of purchase, and
purchasers will receive the principal and interest when the T-bonds
mature on June 14, 2008.
The Chinese government pledged earlier this year to cut the issuance of
treasury bonds in 2007 by a "modest" amount in a bid to reduce its
financial deficit and expand channels for direct financing.
(For more biz stories, please visit Industry Updates)
Learn Chinese, Free Chinese Lesson
No comments:
Post a Comment