China to sell 30 billion yuan in retail bonds

BEIJING: China will sell 30 billion yuan ($4.76 billion) in deposit savings bonds to retail investors between April 10 and 23, the Finance Ministry said in an announcement on its website on Sunday.

The issue comprises 21 billion yuan in three-year bonds paying a coupon of 5.58 percent and 9 billion yuan in five-year bonds with a coupon of 6.15 percent.

The coupon levels compare with an interest rate of 5.0 percent on three-year deposits and 5.5 percent on five-year deposits.