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China central bank to sell 3-yr debt on Thursdays


Published : Mon, 29 Jan 2007 08:00
By : Agencies
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SHANGHAI (XFN-ASIA) - China's central bank has decided in principle to sell three-year debt on Thursdays as part of its open market operations, according to a statement on the website of Chinabond.

The People's Bank of China said it will also issue one-year bills on Tuesdays and three-month bills on Thursdays on a regular basis.

Details of the sale will be announced the day before each issue, it added.

(1 usd = 7.77 yuan)

lilian.wu@xfn.com

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