May. 10, 2012 (China Knowledge) - China's Ministry of Finance (MOF)
will issue RMB 28 billion worth of book-entry treasury bonds on the inter-bank bond market and exchange bond market from May 17 to May 21, according to an online statement released by the MOF
The bonds will have a maturity of 50 year and carry a fixed-rate, which will be determined through a competitive bidding on May 16.
The bonds will become tradable on May 23. Interest will be paid twice a year on May 17 and Nov. 17.
In a separate statement, the MOF
said that it plans to issue up to RMB 30 billion of fixed-rate savings treasury bonds from today to May 23. The bonds include RMB 21 billion of three-year bonds with a coupon rate of 5.58% and RMB 9 billion of five-year bonds with a coupon rate of 6.15%.