China to Issue 50 Billion Yuan Bonds

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Wednesday, May 09, 2001, updated at 19:37(GMT+8)

Business

China to Issue 50 Billion Yuan Bonds

China will issue 50 billion yuan (6.024 billion)-worth of treasury bonds from May 15 to July 14.

The Ministry of Finance said Wednesday that 35 billion yuan (US$4.216 billion) of the T-bonds will be three-year bonds, with an annual interest rate of 2.89 percent. The remaining 15 billion yuan (1.807 billion) will be five-year bonds, with an annual rate of 3.14 percent.

This will be the second batch of treasury bonds that China has issued to individual investors this year.



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	China will issue 50 billion yuan (6.024 billion)-worth of treasury bonds from May 15 to July 14.




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