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MOF to issue RMB 30 bln in T-bonds

Aug. 16, 2012 (China Knowledge) - China's Ministry of Finance (MOF) will issue RMB 30.06 billion worth of book-entry treasury bonds from today to Aug. 20, according to an online statement released by the MOF yesterday.

The bonds, this year's 14th batch, will have a maturity of five years and carry a coupon rate of 2.95%.

Interest will be calculated from Aug. 16 and be paid annually.

The ministry said that the fixed-rate bonds will become tradable on Aug. 22.
The MOF has said that it would auction RMB 30 billion of book-entry treasury bonds on Aug. 22. The fixed-rate bonds will have a maturity of ten years and interest be paid twice a year.

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