China to issue 28b yuan of 30-year bonds

BEIJING - China's Ministry of Finance (MOF) said Friday it will sell 28 billion yuan ($4.13 billion) 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 August 16 until August 18. They will become tradable on August 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.