Bonds News
- China to float 30 bln yuan T-bonds
Date: 17-May-2007 Sources: (People's Daily)
China will issue 30 billion yuan (about 3.9 billion U.S. dollars) worth of book-entry treasury bonds on May 17, the Ministry of Finance (MOF) said in a statement on Wednesday.
The thirty-year T-bonds carry an annual interest rate of 4.27 percent and will be sold via the national inter-bank bond market and stock markets between May 17 and May 22, and tradeable from May 28.
This is the sixth batch of book-entry T-bonds issued by the MOF this year.
Since these are the first very long-term T-bonds issued by the MOF in the past five years, market analysts say that the yields of mid-and long-term bonds are likely to be re-evaluated by the bond market.
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