Money

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

(Xinhua)
Updated: 2010-07-29 11:56
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BEIJING - China's Ministry of Finance (MOF) said Wednesday it will sell 28 billion yuan ($4.14 billion) of 30-year book-entry Treasury bonds this week.

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The bonds have a fixed annual interest rate of 3.96 percent, the ministry said in a statement on its website.

The bonds will be sold from July 29 to August 2 and become tradable on the exchange markets from August 4.

Interest on the bonds will be paid twice a year.

The bonds will be the ministry's 23th issue of book-entry Treasury bonds this year.