Chinese government announced today that the nation to release 28 billion Yuan (4.25 billion American dollars) of treasury bonds, alongside it will issue too 60 billion Yuan (S$9.12 billion) of certificate treasury bonds during the upcoming days.
The treasury bonds will be for 30 years, the book-entry bonds will have a fixed annual par interest rate of 4.31 percent. The interests will be paid every six months. The selling period of the bonds will last five days from Feb 24 to 28 and the bonds will become tradable in the exchange markets starting on March 2.
On the other hand, the certificate bonds include 12 billion Yuan of one-year bonds with a fixed annual interest rate of 3.45%, 30 billion Yuan of three-year bonds with an annual interest rate of 5.18%, and 18 billion Yuan of five-year bonds with an annual interest rate of 5.75%.