China said Friday it has decided to issue 60 billion yuan
(US$7.5 billion) worth of certificate treasury bonds with terms of
maturity of up to five years next month, the first batch
of?its kind to be issued this year.
The T-bonds include 42 billion yuan worth of those with a term
of maturity of three years and an annual par interest rate of 3.14
percent, and 18 billion yuan worth of T-bonds with a term of
maturity of five years and an annual par interest rate of 3.49
percent, the Ministry of
Finance said in a statement.
The T-bonds, whose interest will be calculated from the date of
purchase and paid only once at or after the date of maturity, will
be issued between March 1 and 31 by designated underwriting
institutions, said the ministry.
The ministry said the T-bonds will be available to the general
public, who should purchase them at the retailing outlets of
members of 37 underwriting institutions selected in 2004 for the
issuance of certificate T-bonds.
The underwriters include the Industrial and Commercial
Bank of China, the Agricultural
Bank of China, the Bank of
China and the China
Construction Bank, as well as some share-holding commercial or
city banks.
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(Xinhua News Agency February 18, 2006)
