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MOF to issue RMB 28 bln in one-year T-bonds

Jan. 12, 2012 (China Knowledge) - China's Ministry of Finance says that it plans to issue RMB 28 billion worth of fixed-rate book-entry treasury bonds on the interbank bond market and exchange bond market from today to January 16, according to an online statement released by the ministry yesterday.

The bonds, which are this year's first book-entry T-bonds issued by the MOF, will have a maturity of one year.

The bonds will carry a coupon rate of 2.78%. Interest will be calculated from January 12, and paid together with the principal on January 12, 2013.

The T-bonds will become tradable on January 18.

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