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MOF to issue RMB 28 bln in 50-year T-bonds

Sep. 27, 2012 (China Knowledge) - China's Ministry of Finance (MOF) will issue RMB 28 billion worth of book-entry treasury bonds from today to Sep. 28, according to an online statement released by the MOF.

The bonds, this year's 18th batch, will have a maturity of twenty years and carry a coupon rate of 4.1%.

Interest will be calculated from Sep. 27 and be paid twice a year on each Sep. 27 and Mar. 27.

The ministry said that the fixed-rate bonds will become tradable on Oct. 8.

From Sep. 13 to Sep. 17, the MOF issued RMB 30 billion worth of 3-year fixed-rate book-entry treasury bonds, which was the 17th batch of bonds the MOF issued this year.

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