Mar. 7, 2012 (China Knowledge) - China's Ministry of Finance
announced yesterday that it plans to issue two tranches of treasury bonds worth RMB 50 billion in total from Mar. 10 to Mar. 23.
The treasury bonds will be sold to individual investors, according to a statement published on the ministry's website.
The MOF will issue RMB 35 billion in three-year bonds with a coupon rate of 5.58% and RMB 15 billion in five-year bonds with a coupon rate of 6.15%.
Interest of the two bonds will be calculated from Mar 10 and will be paid annually.