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China to Issue 30 Billion Yuan of Book-entry Discount Treasury Bonds

Aug 01, 2024, 4:03 a.m. ET

AsianFin--China's Ministry of Finance said Thursday that it will auction 30 billion yuan (about US$ 4.21 billion) worth of book-entry discount treasury bonds on Friday.

With a term of 91 days, the bonds will be sold at a discounted price and mature at par value. The price will be determined through a competitive tender on Friday, according to a statement released by the ministry.

The bonds will become tradable on the securities market on August 7, the ministry said.

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