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China to hold 10 government bond auctions in Q4

Published September 29, 2012 Updated September 29, 2012 08:35am
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By Imad Uddin
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china-flagSHANGHAI: China's Ministry of Finance will hold 10 government bond auctions in the fourth quarter, starting with a seven-year sale on October 10, the ministry said on Saturday.

The number of auctions is slightly lower than the 14 batches sold in the third quarter. The volume of each issue is typically announced one week before the auction.

The auctions in the third quarter include one super long-dated bond of 50 years.

The ministry also said it would separately issue two batches of deposit savings bonds to retail investors during the quarter. Each batch will consist of three- and five-year tranches.

Copyright Reuters, 2012

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