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MOF to issue RMB 15 bln in book-entry T-bonds

Apr. 10, 2012 (China Knowledge) - China's Ministry of Finance announced that it plans to issue RMB 15 billion in discounted book-entry treasury bonds on the interbank bond and exchange bond market, according to an online statement released by the ministry yesterday.

The book-entry T-bonds will be sold during the period from Apr. 16 to Apr. 18 with a tenor of 273-days.

The coupon rate will be determined through a competitive bidding, which will take place on Apr.13.

Interests will be calculated from Apr. 16 and be paid on Jan. 14, 2013.

As of today, MOF has issued a total of RMB 140 billion book-entry T-bonds this year, source reported.

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