BEIJING, Sept. 17 -- China's Ministry of Finance said Friday it will sell a batch of book-entry discount treasury bonds with a total face value of 20 billion yuan (2.98 billion U.S. dollars) from next week." m1 J0 T1 i7 ~( p) J, z9 ]
With a term of 182 days, the bonds will be sold to the public at a price of 99.074 yuan for each bill with a face value of 100 yuan, said a statement on the MOC website.
& V- y( N9 V9 ~9 T The bonds will provide investors an annual yield of 1.89 percent, said the statement.4 V* n& a5 u9 i E2 |7 r' g8 A$ ]- G
Investors will be paid the face value when the term is due.
7 ~* ^; Y; C: J1 Z7 d _ The bonds will have a two-day sale period from Sept. 20 and become tradable at all exchange markets. This is the 13th batch of its kind launched by the ministry this year. |