Economy
China to issue 40b yuan of certificate T-bonds
(Xinhua)
Updated: 2010-07-06 20:02
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BEIJING - The Ministry of Finance said on Tuesday that it will issue 40 billion yuan (5.91 billion U.S. dollars) of certificate T-bonds, the third batch this year, from July 12 to 26.
The bonds include 20 billion yuan of one-year bonds with a fixed annual interest of 2.60 percent and 20 billion yuan of three-year bonds with an annual interest of 3.73 percent, said a statement on the ministry's web-site.
Interest will be calculated from the day of purchase. Principal and interest will be paid upon maturity, the ministry said.