PBOC to sell 99 bln yuan 1-yr bills, most in a yr

SHANGHAI, March 28 (Reuters) - China's central bank said on
Monday that it would auction 99 billion yuan ($15.1 billion) of
one-year bills on Tuesday, the biggest sale of that tenor and up
from 50 billion yuan of such bills sold last week.

A total of 131 billion yuan in central bank bills are due to
mature this week, although no repos are due. The People's Bank
of China (PBOC) conducted a net drain of 103 billion yuan from
the banking system last week.

Following is a summary of the volume of the PBOC's bill
sales and repo operations so far this week (billions of yuan):

Newly issued Maturing

___________________________________________________

Bills

Tuesday 99

Thursday TBA

Repos

Tuesday TBA

Thursday TBA

Bills maturing 131

Repos maturing 0

___________________________________________________

TOTAL n/a 131

TBA: to be announced
($1=6.56 Yuan)

(Reported by Yixin Chen and Jacqueline Wong)