China to issue 3.3-billion-dollar treasury bonds

The Ministry of Finance (MOF) on Friday said the 22nd batch of book-entry treasury bonds for this year would be issued next week, with a total value of 22.5 billion yuan ($3.29 billion).

The ministry said in a statement the issue period would last from November 24 to 26. The seven-year bonds have a fixed annual yield of 2.71 percent.

Interest will be calculated from November 24 and paid annually. The principal will be paid at maturity.

The issue will bring China's book-entry T-bonds this year to more than 1 trillion yuan.