China to Issue 20 Billion Yuan in Treasury Bonds

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Last updated at: (Beijing Time) Saturday, March 16, 2002

China to Issue 20 Billion Yuan in Treasury Bonds

China is to issue treasury bonds worth 20 billion yuan from March 18 to 25, the Ministry of Finance announced Friday.

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China is to issue treasury bonds worth 20 billion yuan from March 18 to 25, the Ministry of Finance announced Friday.

The T-bonds have a maturity period of ten years and an annual interest rate of 2.7 percent, with interest paid annually.

Some 50 qualified stock brokerage companies, trust investment companies and insurance companies throughout the country have entered bids to sell the T-bonds.

The Bank of China and the China Life Insurance Co. Ltd head the list in terms of sales volume.

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