China will issue 35.07 billion yuan (US$4.6 billion) of ten-year
book-entry treasury bonds next week, the Ministry of Finance said
on Friday.
This is the tenth batch of such bonds issued by the ministry
since the beginning of the year. China issued book-entry treasury
bonds totaling 653 billion yuan (US$86 billion) in 2006,150 billion
yuan more than in 2005.
The bonds carry a fixed interest rate of 4.40 percent. They will
be sold via the interbank bond markets, stock markets, and some
pilot commercial banks nationwide between June 25 and June 28 and
will be available for trading as of July 4.
The pilot banks include the Industrial and Commercial Bank of
China, Agricultural Bank of China, Bank of China and China
Construction Bank.
Interest on the bonds will be calculated from June 25 and the
investors will receive the interest on June 25 and December 25 each
year and the principal and interest when the bonds mature on June
25, 2017.
The ministry said the treasury bonds are available to investors
who opened stock and mutual fund accounts at the China Securities
Depository and Clearing Co. and bonds accounts at the China
Treasury Bonds Depository and Clearing Co. and the pilot banks.
(Xinhua News Agency June 23, 2007)