China to issue 4 billion US dlrs in 30-year T-bonds

<p><font face="Arial">BEIJING  -- The Chinese Ministry of Finance (MOF) announced on Wednesday that it will issue 28 billion yuan (4.009 billion US dollars) worth of book-entry treasury bonds this week, with a fixed annual interest rate of 4.5 percent.</font></p><p style="FONT-FAMILY: Arial"><font face="Arial">This is the sixth batch of book-entry T-bonds this year. The 30-year bonds will be sold on the inter-bank bond market and stock markets from May 8-13 and will begin trading on May 16.</font></p><p style="FONT-FAMILY: Arial"><font face="Arial">Interest will be calculated from May 8 and paid twice annually. The principal would be returned at maturity on May 8, 2038, the ministry said in a statement on its website.</font></p><p style="FONT-FAMILY: Arial"><font face="Arial">It's China's first long-term T-bond issue this year and the second in the past six years. The first 30-year issue was a year ago.</font></p><p><font face="Arial">Not including this issue, China has issued five batches of book-entry T-bonds this year, totaling 139 billion yuan, the ministry said.</font></p></div>