China floats 30 bln yuan in T-bonds

The Ministry of Finance will float 30 billion yuan (4.76 billion U.S. dollars) in one year book-entry treasury bonds on Thursday.

The bonds, the second of their kind issued this year, carry a fixed annual interest rate of 2.81 percent, the ministry said in a statement on Wednesday.

Interest on the bonds will be paid annually, while the principal will be returned upon maturity on Jan. 17, 2014, according to the statement.

The bonds will be sold from Jan. 17 to 21 and become tradable on exchange markets starting on Jan. 23, it said.