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Article: CHINA BEGINS ISSUE OF US$79 BLN IN SPECIAL TREASURY BONDS.
- Article from:
- AsiaPulse News
- Article date:
- August 29, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Aug 29 Asia Pulse - China began to issue 600 billion yuan (US$79 billion) of bonds on Wednesday in the first tranche of the 1.55 trillion yuan basket of special treasury bonds.
The China Securities Journal quoted authoritative sources as saying that the annual interest rate of the bonds would be around 4.3 per cent, basically matching the market rate for long-term debt.
The report said the outstanding terms of the bonds would be ten years and 15 years.
Market observers held that the interest rate for the 35 billion yuan of central bank bills issued on Tuesday was fairly high at 3.3165 per cent, raising the cost for the central bank to ...