China issues 30 bln yuan in T-bonds

China's Ministry of Finance (MOF) announced Monday that it will sell 30 billion yuan (4.76 billion U.S. dollars) in seven-year book-entry treasury bonds.

This issuance is in addition to the ministry's fifth batch of book-entry treasury bonds this year that were floated in March, according to a statement posted on the ministry's website.

The interest rate for the bonds was fixed at 3.41 percent. Interest will be paid annually on March 8, while the seventh year's interest and principal will both be paid upon maturity on March 8, 2019, the ministry said.

The bonds will be sold between April 12 to April 16 and become tradable on exchange markets from April 18, according to the statement.