SHANGHAI (Dow Jones)–China’s Ministry of Finance said Friday it sold CNY15 billion ($2.19 billion) worth of three-month bills at 0.8420% and CNY20 billion worth of nine-months bills at 0.9298%.
The yields were in line with market expectations of 0.83% to 0.85% for the three-month bills and 0.92% to 0.95% for the nine-month bills, traders said.
The three-month bills were issued at a discounted price of CNY99.765 each and the nine-month bills were priced at CNY99.314 each, the ministry said in a statement.
The bills will trade on the interbank bond market and the Shanghai Stock Exchange from April 17, the ministry said last week.
-Wang Ming contributed to this story; Dow Jones Newswires; (86-21) 6120-1200; ming.wang@dowjones.com
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