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China to Issue 24 Billion Yuan in Treasury Bonds
China is to issue 24 billion yuan-worth of treasury bonds from July 31 to August 7, the Ministry of Finance announced in Beijing on July 29.
This will be the seventh batch of registered treasury bonds issued by China this year. The T-bonds have a maturity period of twenty years and an annual interest rate of 4.26 percent, with interest paid half-yearly.
Some stock brokerage companies, trust investment companies and insurance companies in the country extended bids to sell the T- bonds.
The treasury bonds will be sold at bond markets under the stock exchanges in Shanghai and Shenzhen, according to the ministry.
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