CCB to Sell the 2006 Evidence Treasury Bond (First Phase) on March 1

Issuance of the 2006 evidence treasury bond (first phase) will start on March 1. A total amount of RMB60 billion will be sold nationwide, including RMB42 billion of three-year term and RMB18 billion of five-year term, with the annual interest rate being 3.14% and 3.49% respectively. CCB will underwrite RMB8.4 billion worth bond from March 1 to 31, with the ratio between three-year and five-year terms at 7 to 3.

The face interest rate of the latest evidence treasury bond is lower than that of the current savings deposit, but its real yield is fairly attractive thanks to tax exemption. Compared with other investment products available at the market, evidence treasury bond, which enjoys stable yield and it is convenient to buy and cash in advance, remains to be the primary choice of investors.