China to issue 28b yuan in book-entry T-bonds

BEIJING - China's Ministry of Finance said Wednesday it will start selling 28 billion yuan ($4.44 billion) of 30-year book-entry treasury bonds on Thursday.

The bonds, the 12th batch of its kind to be floated this year, carry a fixed interest rate of 4.07 percent. The bonds will be sold to the public from June 28 to July 2, the ministry said in a statement posted on its website.

The bonds will become tradable on July 4, the ministry said.

It said interest will be paid semi-annually on June 28 and December 28, with the principal and final interest paid upon maturity on June 28, 2042.