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.