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China to float $4b book-entry T-bonds this week

China's Ministry of Finance announced Wednesday that it would issue a batch of book-entry treasury bonds worth 27.58 billion yuan ($4 billion) this week, the 18th such issue this year.

According to the ministry's statement, the batch of T-bonds, with a term of five years, has a fixed annual interest of 2.97 percent.

The T-bonds will be sold to the public during the period between August 6 and August 10, with interests to be calculated as from August 6 this year and paid annually.

The bonds will become tradable on August 12 through the national interbank bond market and over the counters of designated commercial banks, the ministry said.


 Source : Xinhua  Editor: Ivy
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