Tuesday, April 07, 2009

Provincial bonds

THE Anhui provincial government yesterday launched bonds worth 4 billion yuan (US$585.2 million) in the market, the second batch of 200 billion yuan in Chinese local government bonds issued this year.

The three-year bonds will be sold between yesterday and tomorrow, and will become tradable next Wednesday on the inter-bank market and securities exchanges, said a statement from the Chinese Ministry of Finance yesterday. The bonds have a fixed rate of 1.6 percent, with interest to be paid annually.

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