The Chinese Ministry of Finance will sell two batches of treasury bonds for a total of 40 billion yuan (about 6.5 billion U.S. dollars) in August, it announced Wednesday.
One batch is worth 20 billion yuan at an annual coupon rate of 4.5 percent with a maturity of three years, while the other is worth 20 billion yuan at an annual coupon rate of 4.87 percent with a maturity of five years.
These bonds will be sold from Aug. 10 to 19 to individuals only.
