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July 22, 2010

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T-Bonds will be sold

THE Ministry of Finance said yesterday it will sell 28.19 billion yuan (US$4.16 billion) of seven-year book-entry Treasury bonds from today.

The T-bonds will have a fixed annual interest rate of 2.76 percent and be sold until Monday.

Interest will be calculated from July 22 and be paid annually. The bonds will mature on July 22, 2017.

The issue is the 22nd sale of such bonds this year.

The bonds will become tradable on July 28 on the national inter-bank bond market and over the counter at designated commercial banks.



 

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