Chinese Ministry of Finance announced here Wednesday that it will issue a new batch of book-entry treasury bonds worthy of 28.54 billion yuan (4.20 billion U.S. dollars) this week, which is the 21st of its kind ever launched by the ministry this year.
According to a statement from the ministry, this batch of T-bonds, with a term of one year, has a fixed annual interests rate of 1.46 percent.
The bonds will be sold to the public between September 3 and September 7, with interests to be calculated as of September 3 this year. The principal and interests will be repaid on September3, 2010.
According to the ministry, the bonds will become tradable on September 9 through the national inter-bank bond market and over the trial counters of the designated commercial banks.