Chinese School - China to issue 35b RMB of national debt

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China to issue 35b RMB of national debt

www.chinanews.cn 2005-02-25 14:03:49

A report from the Ministry of Finance said that China would issue the
first phase of national debt from March 1 to 31. The national debt to be
issued will total 35 billion RMB, of which the three-year debt would
amount to 24.5 billion RMB, with an annual interest rate of 3.7% ,and the
five-year debt would amount 10.5 billion RMB with an annual interest rate
of 3.8%.

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