China to sell local government bonds, treasury bonds from Tuesday

21:47, August 09, 2010      

Email | Print | Subscribe | Comments | Forum 

China's Ministry of Finance said Monday it plans to auction two batches of local government bonds from Tuesday.

On behalf of 12 provinces and municipalities, the ministry will sell 47 billion yuan (7 billion U.S. dollars) of local government bonds, including 28.4 billion yuan of three-year bonds at a fixed yield of 2.37 percent and 18.6 billion yuan of five-year bonds at a yield of 2.67 percent, a statement posted on the ministry's website said.

The bonds will be sold via the national inter-bank bond market and the stock market between Aug. 10 and Aug. 12 and become tradeable Aug. 16.

China plans to sell 200 billion yuan of local government debt this year.

The country began issuing local government bonds last year to help finance its 4-trillion-yuan stimulus package.

The ministry also said it will start to sell on Aug. 16 some 20 billion yuan of treasury bonds, comprising of 12 billion yuan of one-year bonds and 8 billion yuan of three-year bonds.

The one-year bonds will carry an annual interest rate of 2.6 percent and the three-year bonds will have an interest rate of 3.73 percent.

Source: Xinhua

(Editor:王寒露)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion