China's Ministry of Finance (MOF) said Wednesday it would issue 26.86 billion yuan (3.93 billion U.S. dollars) of three-year book-entry T-bonds Thursday, the 22nd batch of its kind this year.
The bonds have a fixed annual interest rate of 2.18 percent. The sales period will run from Sept. 10 to 14. The bonds will be tradable Sept. 16.
Interest will be paid on Sept. 10 every year, with the principal paid on maturity, namely Sept. 10, 2012.