August 29, 2017 / 7:29 AM / 25 days ago

China finmin rolls over 600 bln yuan of special treasury bonds

SHANGHAI, Aug 29 (Reuters) - China’s Ministry of Finance said on Tuesday it sold 600 billion yuan ($90.90 billion) of special treasury bonds.

It sold 200 billion yuan of special sovereign bonds in 10-year tenor at 3.62 percent, and another 400 billion yuan of 7-year tenor at 3.6 percent, according to a statement published on its website.

The central bank is expected to buy all the bonds on the same day from the lender, as stated by People’s Bank of China last week.

The special bonds sold on Tuesday were a roll-over of 600 billion yuan worth of government bonds due on Aug. 29, which was used to help set up the country’s sovereign wealth fund - China Investment Corp - about 10 years ago.

$1 = 6.6006 Chinese yuan Reporting by Winni Zhou and John Ruwitch; Editing by Sherry Jacob-Phillips

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