The Chinese government will issue 33.11 billion yuan (US$4.19 billion) worth of book-entry treasury bonds on Thursday, the 13th batch this year, the Ministry of Finance has announced.

 

With a maturity term of seven years and an annual interest rate of 2.89 percent, the bonds would be floated on the capital market on Sept. 11, the ministry said in a statement posted on its official website Wednesday.

 

The issue would be completed on Sept. 5 and the interest would be calculated from Aug. 31, said the statement.

 

Major underwriters for the issue of the bonds include the Bank of China, the China Construction Bank, the Agricultural Bank of China and the Industrial and Commercial Bank of China.

 

(China Daily August 31, 2006)