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China to issue 28 bln yuan of one-year T-bonds from Thursday

11-11-2010 15:43 BJT Special Report:China’s Economic Data for Sept. |

BEIJING, Nov. 11 (Xinhua) -- China's Ministry of Finance said it will sell 28.21 billion yuan (4.21 billion U.S. dollars) of one-year book-entry treasury bonds from Thursday.

The bonds will have a fixed interest rate of 2.15 percent, the ministry said in a statement on its website.

The bonds are the 36th batch of the kind to be sold by the ministry this year.

The bonds will be sold to the public from Nov. 11 to Nov. 15 and become tradable on Nov. 17 through the national inter-bank bond market and over the counter at designated commercial banks.

In a separate statement, the ministry said it will float 30 billion yuan of electronic treasury bonds from Nov. 15 to Nov. 28.

The issue includes 6 billion yuan of one-year electronic bonds with an interest rate of 2.85 percent, 15 billion yuan of three-year bonds with an annual interest rate of 4.25 percent and 9 billion yuan of five-year bonds with an interest rate of 4.6 percent.

Editor:Jin Lin |Source: Xinhua

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