The Chinese Ministry of Finance issued 20 billion (US$2.46 billion) yuan of registered treasury bonds to institutional investors through the interbank securities market Monday.
These will be five-year bonds, with an annual interest rate of 2.86 percent.
Some 58 qualified securities brokerage companies, trust investment companies and insurance companies in the country extended bids to undertake the sale of the T-bonds.
(People's Daily November 26, 2001)
