Arab Today, arab today china to issue 20bn yuan in 50year tbonds
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

China to issue 20bn yuan in 50-year T-bonds

Arab Today, arab today

Arab Today, arab today China to issue 20bn yuan in 50-year T-bonds

Beijing - XINHUA

The Ministry of Finance (MOF) announced Friday that it will issue 20 billion yuan (3.23 billion U.S. dollars) in 50-year book-entry treasury bonds. The issuance marks the ministry\'s tenth issuance of book-entry treasury bonds this year, according to a statement posted on the MOF website. The interest rate for the bonds is fixed at 4.24 percent. Interest will be paid every half year on May 20 and Nov. 20 annually, while the last interest and the principal will both be paid upon maturity on May 20, 2063. The bonds will be sold from May 20 to 22 and become tradable on exchange markets starting on May 24, according to the statement.

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