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China to float 50-year T-bonds at 4.67 pct yield

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(Globalpost/GlobalPost)

BEIJING, May 23 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday a new batch of long-term book-entry treasury bonds worthy of 26 billion yuan (4.22 billion U.S. dollars).

The bonds, with a term of 50 years, will be sold at an annual yield of 4.67 percent, said the ministry in a statement.

According to the statement, the bonds will be sold for three days from May 26,2014, and become tradable on May 30, with interest to be paid every half year.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140523/china-float-50-year-t-bonds-at-467-pct-yield