The Chinese government is to issue 31.09 billion yuan (3.88 billion U.S. dollars) worth of book-entry treasury bonds next week, the Ministry of Finance announced Friday.

The 20-year bonds, the ninth batch of treasury bonds this year, would be available wholesale on the national inter-bank bond market and the securities exchange market from June 26 to 29, said a statement on the website of the Ministry of Finance.

The bonds, carrying a fixed annual interest rate of 3.7 percent, would be floated on the inter-bank bond market and the Shanghai and Shenzhen stock exchanges from July 5.

The ministry said the Agricultural Bank of China and the China Construction Bank were among the leading underwriters of the bonds.

Source: Xinhua