Economy

China to float third-ever 50-year T-bonds

(Xinhua)
Updated: 2010-11-17 20:34
Large Medium Small

BEIJING - China's Ministry of Finance announced Wednesday that it would issue the country's third-ever 50-year national treasury bonds this week at a yield of 4.4 percent.

Related readings:
China to float third-ever 50-year T-bonds China to allow more overseas agencies to sell panda bonds
China to float third-ever 50-year T-bonds China to float 10b yuan of 182-day T-bonds from Nov 15
China to float third-ever 50-year T-bonds China Eximbank to issue 5b yuan 3-year bonds
China to float third-ever 50-year T-bonds China to issue 28b yuan of three-year T-bonds from Thursday

With a total face value of 28 billion yuan ($4.22 billion), the bonds will be on sale for five days from Thursday and become tradable on Nov 24, according to a statement on the ministry's website.

China first introduced the 50-year T-bond on the interbank market in November 2009 with a 4.3-percent coupon rate.

The country issued the second 50-year T-bond on May 21 this year at a coupon rate of 4.03 percent.