The Chinese government is to issue 32.57 billion yuan (US$4.07 billion) worth of treasury bonds from Thursday, the Ministry of Finance announced Wednesday.

 

The one-year bonds, the eighth batch of Chinese treasury bonds this year, would be available wholesale on the national inter-bank bond market and the securities exchange market from June 15 to 20,said a statement on the website of the Ministry of Finance.

 

The bonds, carrying a fixed annual interest rate of 1.924 percent, would be floated on the inter-bank bond market and the Shanghai and Shenzhen stock exchanges for trading in cash and repurchase from June 22.

 

The ministry said the China Construction Bank, the Bank of Communications and the Bank of Shanghai were among the leading underwriters of the bonds.

 

(Xinhua News Agency June 15, 2006)