The Ministry of Finance has announced that China is to issue 27.94 billion yuan (about 3.94 billion US dollars) worth of book-entry treasury bonds at a fixed annual interest rate of 4.07 percent.
The interest on the 10-year T-bonds would be calculated from March 20, when the issue starts, and paid semi-annually. The principal would be returned at maturity, the ministry said.
The issue -- the third time this year -- would end on March 25, and the bonds would become tradable on March 28.
The first, announced on February 1, was for 29 billion yuan in seven-year bonds with a fixed annual interest rate of 3.95 percent.
The second one, started from February 28, was of 28 billion yuan worth of 15-year bonds, with a fixed annual interest rate of 4.16 percent.
In 2007, China issued 35 batches of Treasury bonds amounting to about 2.35 trillion yuan.
(Xinhua News Agency March 21, 2008)
