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China to issue 29.97 billion yuan of book-entry T-bonds

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BEIJING - China's Ministry of Finance (MOF) said Wednesday it will sell 29.97 billion yuan ($4.43 billion) of five-year book-entry treasury bonds, the 20th batch this year, from July 8 to 12.

The bonds will have a fixed annual interest of 2.52 percent, said a statement on the ministry's web-site.

Interest will be calculated from the day of purchase. Principal and interest will be paid upon maturity, the statement said.
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