China to float 30 bln yuan in certificate T-bonds
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E-mail Xinhua, April 1, 2012
The Ministry of Finance said Sunday that it will sell 30 billion yuan (US$4.76 billion) in certificate treasury bonds next week.
The certificate treasury bonds, the first batch this year, will be sold from April 10 to 23 to individual investors, the ministry said in a statement on its website.
The bonds include 21 billion yuan of three-year bonds with an annual interest rate of 5.58 percent and 9 billion yuan of five-year bonds with an annual interest rate of 6.15 percent.
Interest will be calculated from the day of purchase. Principal and interest will be paid upon maturity, according to the statement.
Individual investors can buy the bonds from 38 banks, including the Industrial and Commercial Bank of China, Bank of China and China Construction Bank.
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