China to Issue 20 Billion Yuan in Treasury BondsChina is to issue 20 billion yuan- worth of treasury bonds from July 13-19, the Ministry of Finance announced Thursday.This is the sixth batch of registered treasury bonds that China issued this year. The T-bonds have a maturity period of five years and an annual interest rate of 3.36 percent, with interest paid annually. Some 59 qualified stock brokerage companies, trust investment companies and insurance companies in the country extended bids to sell the T-bonds. The Construction Bank of China and the Industrial and Commercial Bank of China topped the list in terms of sales volume. |
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