China issues 30b yuan in T-bonds

BEIJING -- The Ministry of Finance said on Wednesday that it will sell 30.06 billion yuan ($4.77 billion) in five-year book-entry treasury bonds from Thursday.

The bonds, the 14th of their kind issued this year, will have an annual interest rate of 2.95 percent, according to a statement on the ministry's website.

The interest will be paid annually on August 16, with the principal and final interest paid upon maturity on August 16, 2017.

The sales period for the bonds will last from August 16 to August 20, and the bonds will become tradable on the securities markets on August 22, according to the statement.