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MOF to issue RMB 28 bln in 7-year T-bonds

Mar. 8, 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 today to Mar. 12, according to an online statement released by the ministry yesterday.

The bonds, which are this year's fifth book-entry T-bonds issued by the MOF, will have a maturity of seven year and a coupon rate of 3.41%.

Interest will be calculated from today and be paid annually on each Mar. 8. The bonds will become tradable on Mar. 14.

The ministry said earlier that it plans to issue two tranches of treasury bonds worth RMB 50 billion in total from Mar. 10 to Mar. 23, according to an earlier report from China Knowledge.

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