China issues 30 bln yuan in seven-year T-bonds

BEIJING, Jan. 23 (Xinhua) -- The Ministry of Finance (MOF) announced Wednesday that it will issue 30 billion yuan (4.78 billion U.S. dollars) in seven-year book-entry treasury bonds.

The issuance marks the ministry's third issuance of book-entry treasury bonds this year, according to a statement posted on the MOF's website.

The interest rate for the bonds is fixed at 3.42 percent.

Interest will be paid annually on Jan. 24, while the last half-year's interest and the principal will both be paid upon maturity on Jan. 24, 2020, the ministry said.

The bonds will be sold from Jan. 24 to 28 and become tradable on exchange markets starting Jan. 30, according to the statement.

We recommend:
Report on the rich in China released	Sales boosting measures for Spring Festival	1st express sleeper train starts operation
Top 10 most transparent multinational companies	Top Ten Economic Events in 2012	Beijing leads nation on rich list