China Issues 20b Book-entry T BondsThe 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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