China on Thursday began to issue 33 billion yuan (4.12 billion US dollar) worth of book-entry treasury bonds with terms of maturity of three months.

The T-bonds, the second batch of its kind issued this year, carry an annual interest rate of 1.39 percent, the Ministry of Finance said in a statement.

The issue of the T-bonds, whose interest will be calculated from March 16, will be completed by March 20, said the ministry.

The ministry said the T-bonds are available to investors with accounts for investment in fund, share and bonds investment at China Securities Depository and Clearing Co. or China Treasury Bonds Depository and Clearing Co.

The bonds will also be floated for cash trading from March 22 at the national inter-bank bonds markets or the stock markets.

The ministry said 39 of its 63 members selected through public bidding as underwriting institutions were awarded the rights to distribute the T-bonds.

Major underwriters for the issuance of the T-bonds include the Industrial and Commercial Bank of China, Hangzhou City Commercial Bank and Industrial Bank Co.

Source: Xinhua