China to Sell 28.19 bln Yuan of 7-yr Bonds From Thursday

China's Ministry of Finance said Wednesday it will sell 28.19 billion yuan (4.16 billion U.S. dollars) of seven-year book-entry Treasury bonds from Thursday.

The T-bonds will have a fixed annual interest rate of 2.76 percent and be sold until Monday.

Interest will be calculated from July 22 and be paid annually. The bonds will redeem on July 22, 2017.

The issue is the 22nd sale of such bonds this year.

The bonds will become tradable July 28 on the national inter-bank bond market and over the counter at designated commercial banks.