China floats $4.4B worth of T-bonds

China's Ministry of Finance will sell 28 billion yuan (US$4.42 billion) in 20-year book-entry treasury bonds.

The batch, the 18th of its kind this year, carries a fixed annual interest rate of 4.1 percent.

Interest on the bonds will be paid semiannually while the principal will be returned upon maturity on Sept. 27, 2032, according to the statement.

The bonds will become tradable on exchange markets starting on Oct. 8, it added.

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