Arab Today, arab today china to float 30bn yuan in 10year tbonds
Last Updated : GMT 11:21:26
Arab Today, arab today
Arab Today, arab today

China to float 30bn yuan in 10-year T-bonds

Arab Today, arab today

Arab Today, arab today China to float 30bn yuan in 10-year T-bonds

Beijing - XINHUA

The Ministry of Finance (MOF) announced Wednesday that it will float 30 billion yuan (4.8 billion U.S. dollars) in 10-year book-entry treasury bonds. The issuance is the ministry\'s 11th batch of book-entry treasury bonds this year. The interest rate for the bonds is fixed at 3.38 percent. Interest will be paid every half year, with the last interest and the principal paid upon maturity on May 23, 2023. The bonds will be sold from May 23 to 27 and become tradable on exchange markets starting on May 29, according to the MOF.

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