English > Finance&Economy > Finance-Breakingnews>Finance Ministry to Auction off 26 Bln Yuan in 3-Yr Bonds
Finance Ministry to Auction off 26 Bln Yuan in 3-Yr Bonds
05-14 12:54 Caijing
Full article in Chinese: http://www.caijing.com.cn/2009-05-13/110165394.html
» The Ministry of Finance said it plans to auction off 26 billion yuan worth of three-year bonds on May 20.
» The fixed-rate bonds will be issued between May 20 and May 25 and will start trading on the secondary market on May 27, the ministry said in a statement posted on the official bond website.
» China's central and local governments are planning a massive bonds issue to help fund infrastructure projects backed by Beijing's economic stimulus package.
» The debt issues are expected to result in a fiscal deficit of some 950 billion yuan in 2009, a turnaround from last year's surplus.
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[ICP License: 090027] IDC License:[B2-20040250] Advertising Business License:[京海工商广字第0407号] 京公网安备110105005607号
Copyright by Caijing. All Rights Reserved