China to issue 30 bln yuan in treasury bonds

BEIJING, March 10 (Chinese media) -- China's Ministry of Finance said it would

issue 30 billion yuan (4.41 billion U.S. dollars) in treasury bonds starting

next Monday, the first batch of certified T-bonds this year.

The bonds issue would last until March 25, said the ministry in a statement

on Tuesday.

There would be 21 billion yuan worth of 3-year bonds with an annual fixed

yield of 3.73 percent, and 9 billion yuan worth of 5-year bonds, with an

interest rate of 4 percent, said the statement.

The interest would be calculated from the day of purchase, and will be paid

once in full when the bonds mature, said the statement.

China has issued two batches of book-entry T-bonds this year, 22 billion

yuan of 20-year bonds and 26.93 billion yuan of 7-year bonds, all in February.