China to sell 30b yuan of book-entry T-bonds

BEIJING - China's Ministry of Finance (MOF) said Wednesday it will sell 30 billion yuan ($4.53 billion) of book-entry Treasury bonds this week.

The one-year bonds have a fixed annual interest rate of 2.81 percent, the ministry said in a statement on its web-site.

The bonds will be sold from Thursday to next Monday and become tradable on the exchange markets from next Wednesday.

Interest on the bonds will be paid when the bonds mature on January 13, 2012.

The bonds will be the ministry's first issue of book-entry Treasury bonds this year.

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