China is scheduled to issue 35.3 billion yuan (4.3 billion US dollars) worth of book-entry treasury bonds as of Wednesday, the Ministry of Finance announced Tuesday.

The one-year bonds, the sixth batch of the treasury bonds China issues this year, will be available for wholesales on the national inter-bank bond market and securities exchange market during June 15 and 20, according to a news release from the Ministry of Finance.

With face values totaling 30 billion yuan (3.65 billion US dollars), the bonds will be issued at a discount price of 98.619 percent, or equivalent to an annual interest rate of 1.42 percent.They will be floated,and quoted on the inter-bank bond market and Shanghai and Shenzhen stock exchanges for trading in cash and repurchase starting from June 22.

Public bidding was held on Monday by the ministry for the distribution of 24.7 billion yuan (3.01 billion US dollars) worth of the bonds out of the batch, and the remaining 5.3 billion yuan (646 million US dollars) worth of the T-bonds was allocated to selected members of top T-bonds sales agencies for retailing.

The ministry said 26 of the 64 T-bond sales agencies won the bidding for retailing the T-bonds.

The Agricultural Bank of China, Bank of China and China Construction Bank are top sales agencies in terms of the volumes of the T-bonds they contracted for retailing.

Source: Xinhua