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MOF to issue RMB 28 bln in 5-year T-bonds

Feb. 10, 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 and exchange bond market from February 16 to February 20, according to an online statement released by the ministry yesterday.

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

A competitive bidding will be held on February 15. Value date will be set on February 16 and interest will be paid annually on each February 16. The bonds will become tradable on February 22

The MOF said earlier that it would issue RMB 28 billion of one-year T-bonds with a coupon rate of 2.87% from February 8 to today.

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