China will issue 30 billion yuan (about US$3.75 billion) worth
of book-entry treasury bonds on April 23, the fifth batch of its
kind issued this year.
The five-year T-bonds carry an annual interest rate of 3.18
percent, the Ministry of Finance said in a statement on Friday.
The bonds will be sold via the national inter-bank bond market
and the stock market between April 23 and April 25, and will be
available for trading on the market as of April 30.
The ministry said the T-bonds were available to investors with
accounts for investing in funds, shares and bonds at China
Securities Depository and Clearing Co. and China Treasury Bonds
Depository.
The country has already issued 116.6 billion yuan in book-entry
treasury bonds this year.
China issued book-entry treasury bonds totaling 652.72 billion
yuan in 2006, 150 billion yuan up on the 2005 figure.
The Chinese government pledged earlier this year to cut the
issuance of treasury bonds in 2007 by a "modest" amount, in a bid
to reduce its financial deficit and expand channels for direct
financing.
(Xinhua News Agency April 21, 2007)