Money

China to issue 40b yuan of certificate T-bonds

(Xinhua)
Updated: 2010-09-07 10:19

Spending for better life? Related readings:  China to issue 28b yuan of 20-yr T-bonds from Sept 2  China to sell 35.8b yuan local govt bonds  Foreign lenders keen on yuan bonds  China starts selling $2.87b of 3-yr local govt bonds

BEIJING - China's Ministry of Finance (MOF) said on Monday that it would float 40 billion yuan ($5.88 billion) of certificate T-bonds, the fourth group this year, from Sept 13 to 27.

The bonds include 20 billion yuan of one-year bonds with a fixed annual interest rate of 2.6 percent and 20 billion yuan of three-year bonds with an annual interest rate of 3.73 percent, according to a statement on the ministry's website.

Interest will be calculated from the day of purchase, and principal and interest will be paid upon maturity, the ministry said.