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.% r* V+ `- N7 x7 t
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.
) _. G& }4 N0 T* K2 b& @9 e The bonds will provide investors an annual yield of 1.89 percent, said the statement.
4 e4 o* h0 U7 D Investors will be paid the face value when the term is due.; i5 m3 S2 K$ @. T3 U
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. |