China will begin to issue 30 billion yuan (3.7 billion US dollars) worth of book-entry treasury bonds as of Thursday, the Ministry of Finance announced Wednsday.

The one-year bonds, the 10th batch of its kind China has issued since the beginning of this year, will be available for trading on the national inter-bank bond market and securities exchange market between Sept. 15 and 20, according to a news release from the Ministry of Finance.

With face values totaling 30 billion yuan (3.7 billion US dollars), the bonds will carry an annual interest rate of 1.16 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 September 22.

Public bidding was held Tuesday by the ministry for wholesales of the bonds.

Source: Xinhua