China Issues 20b Book-entry T Bonds

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Monday, April 23, 2001, updated at 08:29(GMT+8)

Business

China Issues 20b Book-entry T Bonds

The Ministry of Finance started floating this year's second-issue book-entry treasury bonds (T bonds) on Friday.

With a size of 20 billion yuan, the T bonds target institutional investors on the inter-bank bonds market.

The bonds have a maturity of three years with interest paid on a yearly basis.

It is learnt altogether 54 underwriting groups had participated in the bid with a total valid bidding amount of 34.17 billion yuan.

The bonds began bearing interest as of April 20.

Source: Panorama



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	The Ministry of Finance started floating this year's second-issue book-entry treasury bonds (T bonds) on Friday.




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