China will issue 30 billion yuan ( 3.7 billion US dollars) worth of book-entry treasury bonds during the next six days, and public bidding for underwriting was conducted on Wednesday, the Ministry of Finance said.

The two-year bonds, the 14th batch China has issued since the beginning of this year, will carry an annual interest rate of 1.75 percent and will be available for wholesale on the national inter-bank bond market and securities exchange market between Dec. 15 and 20.

The bonds will be floated and quoted on the inter-bank bond market and the Shanghai and Shenzhen stock exchanges for trading in cash and repurchase starting Dec. 26, according to the ministry press release.

Source: Xinhua