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China to issue 26 bln yuan 10-year T-bonds

Date Added: March 25, 2010 07:56:56 AM
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Category: Home Appliances Stocks: wall mounted shelves
The Chinese Ministry of Finance (MOF), announced Wednesday it will be ten questions-Year Book Treasury total nominal value of 26 billion yuan (3.8 billion dollars) will start Coin Bank Thursday.

The approach will be the 7th Ministry of Finance released its kind this year. The theme of this series of accounts ending March 29, according to a shaft support statement posted on the official website of the Ministry of Finance.

The bonds will be allocated in the bond market and securities market interbank bond market on March 31 will be marketed.

The bonds carry a fixed rate of 3.36 percent, with interest paid semi-annually on March 25 and September 25 in each case according to the statement.

The last payment of interest and principal is repaid in 25 all in March 2020, the statement said.

Book-entry bonds are called bonds accounted for investors in securities accounts. They can be traded on the open market and market prices differ from face value.
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