China to sell nearly $5 bn in T-bonds

April 10th, 2012 - 4:10 am ICT by IANS  

Beijing, April 10 (IANS) China will sell 30 billion yuan ($4.76 billion) in seven-year book-entry treasury bonds, the finance ministry announced Monday.

This issuance is in addition to the ministry’s fifth batch of book-entry treasury bonds this year, floated in March, the ministry said on its website.

The interest rate for the bonds was fixed at 3.41 percent. Interest will be paid annually on March 8, while the seventh year’s interest and principal will both be paid upon maturity March 8, 2019, the ministry added.

The bonds will be sold between April 12 and 16 and become tradable on exchange markets from April 18, Xinhua reported quoting the statement.

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