The Ministry of Finance said on Wednesday that it will sell 30.06 billion yuan (4.77 billion U.S. dollars) in five-year book-entry treasury bonds from Thursday.
The bonds, the 14th of their kind issued this year, will have an annual interest rate of 2.95 percent, according to a statement on the ministry's website.
The interest will be paid annually on Aug. 16, with the principal and final interest paid upon maturity on Aug. 16, 2017.
The sales period for the bonds will last from Aug. 16 to Aug. 20, and the bonds will become tradable on the securities markets on Aug. 22, according to the statement.
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