China issues 273-day discount T-bonds at 3.5%

BEIJING - China has issued 15 billion yuan ($2.44 billion) in book-entry discount treasury bonds with a maturity of 273 days.

The price of the issuance was fixed at 97.466 yuan for each 100 yuan in face value, representing an annual yield of 3.5 percent, the Ministry of Finance (MOF) said in a statement.

Interest calculation will start on Monday and the maturity date will be Feb 9, 2015.

The MOF added that the bonds will be sold on the interbank market until Wednesday and will become tradable on the secondary market on Friday.

It is the ministry's second issuance of book-entry discount treasury bonds this year.

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