Markets > Bonds

China's MOF to auction RMB10 bln 91D zero coupon T-bills Fri.

SHANGHAI
2015-11-19 18:03

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China's Ministry of Finance (MOF) will invite bidding for 10 billion yuan of 91-day zero coupon Treasury bills Friday.

According to MOF, the value date for this batch of T-bills is November 23 and from November 25, the product can be traded on secondary market. Zero coupon T-bills are usually issued at lower-than-par value prices and repaid by par value upon maturity to generate returns for buyers.

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