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MOF to issue RMB 28 bln in T-bonds

Jun. 28, 2012 (China Knowledge) - China's Ministry of Finance (MOF) will issue RMB 28 billion worth of book-entry treasury bonds from today to Jul. 2, according to an online statement released by the MOF yesterday.

The bonds, this year's 12th batch, will have a maturity of 30 years and carry a coupon rate of 4.07%.

Interest will be calculated from Jun.28 and be paid twice a year on each Jun. 28 and Dec. 28.

The ministry said that the fixed-rate bonds will become tradable on Jul. 4.

The MOF also said that it would issue RMB 47.8 billion of local government bonds next month, comprising RMB 23.9 billion in three-year bonds on Jul. 9 and RMB 23.9 billion in five-year bonds on Jul. 16.

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