The T-bonds, the fifth batch of its kind issued this year, carry an annual interest rate of 2.40 per cent, the Ministry of Finance said in a statement. The issue of the T-bonds, whose interest will be calculated from May 16, will be completed by May 19, said the ministry.

The ministry said the T-bonds are available to investors with accounts for investment in funds, shares and bonds at the China Securities Depository and Clearing Co or the China Treasury Bonds Depository and Clearing Co. The bonds will also be floated for cash trading from May 25 on the national inter-bank bonds markets or the stock markets.

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