China will issue 20 billion yuan (US$2.65 billion) worth of
"certificate treasury bonds" beginning Sept. 6, the fourth such
issue this year.
The T-bonds include 16 billion yuan worth of three-year bonds
that carry a fixed annual interest rate of 5.2 percent, and four
billion yuan worth of five-year bonds with a 5.74-percent interest
rate, according to the Ministry of Finance.
The purchasers must register their real names to buy the bonds,
which can serve as security for loans, but cannot be transferred,
said the ministry.
Interest on the bonds will be calculated from the day of
purchase, and purchasers will receive the principal and interest
when the certificate T-bonds fall due.
The public can buy the bonds from Sept. 6 to 30 at the retailing
outlets of 39 designated underwriting institutions, including the
Industrial and Commercial Bank of China, Agricultural Bank of
China, Bank of China, and China Construction Bank, as well as some
other commercial banks.
China earlier issued a total of 110 billion yuan worth of
certificate T-bonds in three batches this year, with 30 billion
yuan issued from May 10, 50 billion yuan from April 1 and 30
billion yuan from March 1.
(Xinhua News Agency September 1, 2007)
