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.- H1 d; `( D) q
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.
* R- s* g8 t" q I/ U% S The bonds will provide investors an annual yield of 1.89 percent, said the statement.
3 C: f2 ]0 u$ A }" R6 P- | Investors will be paid the face value when the term is due.
( i% l) z0 _1 O# y( b& R 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. |