China officially issued 40 billion yuan (about US$5.5 billion) worth of 20-year ultra-long term fixed rate special national treasury bonds, China Central Television (CCTV) reported on Friday.
In a statement, the Ministry of Finance said that this series of book-entry treasury bonds will be available for purchase starting 29th May and is accessible to individual investors. The coupon rate will be established through competitive bidding facilitated by underwriting organisations on Friday.
This year, China plans to issue 20-year, 30-year, and 50-year ultra-long-term national treasury bonds, which individual investors can purchase from banks and security exchanges.
The issuance of ultra-long-term national treasury bonds is expected to help improve the supply and demand structure of treasury bonds, raise funds for China's implementation of national strategies and improve the security capacity in key areas.
