Chinese government issues 31.9 billion yuan (US$3.98 billion)
worth of book-entry treasury bonds on Monday, the 10th batch issued
this year, said the Ministry of Finance.
With a maturity term of three years and an annual interest rate
of 2.34 percent, the T-bonds would be floated on the capital market
on July 26, the ministry said in a statement posted on its official
website.
Interest would be calculated from July 17, said the
statement.
The bonds will be available from the retail outlets of 31
underwriting institutions, which were awarded the selling rights at
a public auction on July 14.
The underwriters include the Industrial and Commercial Bank of
China, the Agricultural Bank of China, and the Bank of
Communications.
(Xinhua News Agency July 17, 2006)
