China issues 22b yuan in treasury bonds

BEIJING - China has issued 22 billion yuan ($3.57 billion) in one-year book-entry treasury bonds, the Ministry of Finance said Thursday.

Interest rate for the bonds will be fixed at 3.82 percent after competitive tendering and interest calculation begins Thursday, the statement said.

The bonds will be sold on the interbank market from now until Aug 18 and become tradable on the secondary market on Aug 20. Both the interest and the principal will be paid upon maturity on Aug 14, 2015.

This is the ministry's 18th issuance of book-entry treasury bonds this year.