(Bloomberg) -- China's finance ministry will sell
1.55 trillion yuan ($200 billion) of a special treasury bond to
buy foreign-exchange reserves from the central bank and remove
excess cash from the economy, Xinhua News Agency reported.
The bonds will mature in more than 10 years, while their
coupon rates will be based on ``market conditions'' at the time
of issuance, Xinhua said today without elaborating.
Read more at Bloomberg Bonds News
1.55 trillion yuan ($200 billion) of a special treasury bond to
buy foreign-exchange reserves from the central bank and remove
excess cash from the economy, Xinhua News Agency reported.
The bonds will mature in more than 10 years, while their
coupon rates will be based on ``market conditions'' at the time
of issuance, Xinhua said today without elaborating.
Read more at Bloomberg Bonds News
No comments:
Post a Comment