China issues 15 bln yuan of book-entry discount T-bonds

China issues 15 bln yuan of book-entry discount T-bonds

REUTERS/JASON LEE

China's Ministry of Finance on Friday auctioned 15 billion yuan (about 2.12 billion U.S. dollars) worth of book-entry discount Treasury bonds.

With a term of 91 days, the bonds will be sold at a discount price of 99.64 yuan per bill and mature at face value.

The sales period for the short-term bonds will last from March 20 to 23, with the bonds becoming tradable on the market from March 25, according to the ministry.

The issuance of the bonds marks the 13th time for the ministry to issue discount T-bonds this year.

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