China to Issue Long-term T-Bond

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Tuesday, June 05, 2001, updated at 15:25(GMT+8)

Business

China to Issue Long-term T-Bond

The Ministry of Finance on June 4 issued a 15-year term of T-bond which comprises of four batches in the Interbank bond market with a total value of 12 billion yuan and a face interest rate of 4.69 percent by public bidding.

The Ministry will begin counting interest rate on June 6 and stop issuance on June 12. The bond will be issued to investors of the Interbank bond market.

It is for the first time that the Ministry of Finance issued a 15-year term bond with a long-term fixed interest rate, which will play an active role in building China's T-bond and capital market.

By PD Online staff member Li Yan



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	The Ministry of Finance on June 4 issued a 15-year term of T-bond which comprises of four batches in the Interbank bond market with a total value of 12 billion yuan and a face interest rate of 4.69 percent by public bidding.




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