China to issue 28b yuan of one-year T-bonds from Thursday

BEIJING - China's Ministry of Finance said it will sell 28.21 billion yuan ($4.21 billion) of one-year book-entry treasury bonds from Thursday.

The bonds are the 36th batch of the kind to be sold by the ministry this year.

The bonds will be sold to the public from Nov 11 to Nov 15 and become tradable on Nov 17 through the national inter-bank bond market and over the counter at designated commercial banks.

In a separate statement, the ministry said it will float 30 billion yuan of electronic treasury bonds from Nov 15 to Nov 28.

The issue includes 6 billion yuan of one-year electronic bonds with an interest rate of 2.85 percent, 15 billion yuan of three-year bonds with an annual interest rate of 4.25 percent and 9 billion yuan of five-year bonds with an interest rate of 4.6 percent.