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皇冠体育app to float 10-year book-entry T-bonds

(Xinhua)
Updated: 2009-09-16 20:50

皇冠体育app's Ministry of Finance (MOF) said Wednesday it would issue 26.64 billion yuan ($3.9 billion) of book-entry T-bonds from Thursday, the 23rd issue of its kind this year.

Related readings:  皇冠体育app to float $3.93b three-year T-bonds Thursday  皇冠体育app to float 6b yuan renminbi bonds in HK  皇冠体育app to float $3.66b T-bonds

The bonds, with a 10-year term, have a fixed annual interest rate of 3.44 percent, the ministry said.

Sales of the bonds will run from September 17 to 21, with interest to be calculated yearly on September17.

Interest will be paid every half year, with the principal paid on maturity on Sept 17, 2019.  The bonds will become tradable on Sept 23.