China to auction 20 bln yuan 50-year govt bonds

SHANGHAI, Nov 20 - China's Ministry of Finance said on Friday it would auction 20 billion yuan of 50-year bonds next Wednesday.

The debt market will be widely watching the sale of the super-long bonds, the first-ever Chinese bond sale with such a tenor, especially amid concerns that the central bank may be slow to tighten monetary policy despite an expected and sustainable economic recovery.

The bonds will be issued between Nov. 30 and Dec. 2 and begin secondary market trading on Dec. 4.