China will issue 30 billion yuan (about US$3.9 billion) worth of
book-entry treasury bonds on May 17, the Ministry of Finance (MOF)
said in a statement on Wednesday.
The thirty-year T-bonds carry an annual interest rate of 4.27
percent and will be sold via the national inter-bank bond market
and stock markets between May 17 and May 22, and tradable from May
28.
This is the sixth batch of book-entry T-bonds issued by the MOF
this year.
Since these are the first very long-term T-bonds issued by the
MOF in the past five years, market analysts say that the yields of
mid-and long-term bonds are likely to be re-evaluated by the bond
market.
(Xinhua News Agency May 17, 2007)