China to issue $3.8 bln of treasury bonds

19:59, March 17, 2010      

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China's government will issue 26 billion yuan (3.8 billion U.S. dollars) of book-entry treasury bonds from Thursday, the Ministry of Finance (MOF) said in a statement posted on its website Wednesday.

The bonds, with a term of three years, have a fixed annual interest rate of 2.23 percent, to be paid on every March 18 till 2013, it said.

The five-day issue will be the sixth issue of book-entry treasury bonds this year.

Book-entry bonds are the bonds recorded in the investors' securities accounts called book entries. They can be traded on the open market, and their market prices can deviate from par value.

Source: Xinhua
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