Money

China to sell 28b yuan of 3-year book-entry T-bonds

(Xinhua)
Updated: 2010-08-12 09:07

BEIJING - China's Ministry of Finance said Wednesday it will sell a batch of three-year book-entry treasury bonds worth 28 billion yuan ($4.13 billion) from Thursday.

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A statement posted on the ministry's website said the bonds will pay a fixed annual interest rate of 2.3 percent. Interest will be paid annually.

The bonds will be sold to the public from August 11 to August 16 and become tradable on August 18 on the national inter-bank bond market and over the counter at designated commercial banks.

The bonds will be the 25th batch of their kind launched by the ministry this year.