China Issues Floating-rate T-bonds at Stock ExchangeA total of 14 billion yuan (US$1.7 billion)-worth of floating-rate treasury bonds were successfully underwritten Sunday at the Shanghai Stock Exchange.This was the country's first issuance of floating-rate treasury bonds at the stock exchange, and was the first batch of treasury bonds that will be issued this May by the Ministry of Finance at the stock exchanges. The 10-year t-bonds carry an annual interest rate of 2.87 percent this year, which will float according to changes of financial markets. Forty-eight financial institutions at the stock exchange and seven investment funds management companies participated in Sunday's underwriting bidding. |
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