China's Ministry of Finance (MOF) said Friday it will sell 28 billion yuan (4.13 billion U.S. dollars) of 30-year book-entry Treasury bonds next week.
The bonds will have a fixed annual interest rate of 3.96 percent and interest will be paid every half year, the ministry said in a statement on its website.
The bonds will be sold to the public from Aug. 16 until Aug. 18. They will become tradable on Aug. 20 through the national inter-bank bond market and over the counter at designated commercial banks.
The bonds will be the fourth batch of 30-year government bonds to be issued this year and the 26th batch of book-entry government bonds
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