China to issue 26 bln yuan 10-year T-bonds
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China's Ministry of Finance (MOF) announced Wednesday it would issue a batch of ten-year book-entry treasury bonds with a total par value of 26 billion yuan (US$3.8 billion) starting on Thursday.
The batch is the 7th of its kind the MOF has issued this year. The issue of this batch of T-bonds ends on March 29, according to a statement on the MOF's official website.
The bonds would be traded on the interbank bond market and securities bond market from March 31.
The bonds have a fixed annual interest rate of 3.36 percent, with the interests to be paid every half year, on March 25 and Sept. 25, respectively, according to the statement.
The last interest payments and principals would be paid back together on March 25, 2020, statement said.
Book-entry bonds are the bonds recorded in the investors' securities accounts called book entries. They can be traded on the open market, and their market prices can deviate from par value.
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