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ECONOMY
THIS WEEK> THIS WEEK NO. 48, 2013> ECONOMY
UPDATED: November 25, 2013 NO. 48 NOVEMBER 28, 2013
More T-bonds
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China's Ministry of Finance announced on November 20 that it is to float another 28 billion yuan ($4.57 billion) in book-entry Treasury bonds (T-bonds) as part of an issuance effort that began in August.

The new bonds will be priced at 96.15 yuan ($15.78) for each bill with a face value of 100 yuan ($16.42).

The ministry issued its 18th batch of book-entry T-bonds worth 30 billion yuan ($4.92 billion) in August. A further 28 billion yuan ($4.6 billion) was added to the issuance in October.

The interest rate for the bonds is fixed at 4.08 percent annually. Interest will be paid every half year. The bonds will expire on August 22, 2023.



 
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