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.
Latest comments