China’s Ministry of Finance has issued 10 billion yuan (US$1.64 billion) of five-year book-entry treasury bonds, the first such issuance for the year, Xinhua news agency reported Monday, citing a statement on the ministry’s website. The interest rate for the bonds is fixed at 4.47 percent. Interest will be paid annually on Jan. 7, while both the final interest and the principal will be paid upon maturity on Jan. 7, 2019, the statement said. The bonds are being sold on the interbank bond market until Tuesday and will become tradable on Jan. 13, the report said.
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