China to sell bonds worth $4.1 b next week

China's Ministry of Finance said on Friday that it will sell 30-year book-entry treasury bonds worth 28 billion yuan ($4.1 billion) next week.

The bonds will pay a fixed annual interest rate of 4.03 per cent, the ministry said in a statement on its website.

Interest on the bonds will be paid semi-yearly from June 21, Xinhua reported.

The bonds, to be sold from June 21 to June 23, would become tradeable on the exchange markets from June 25.

The bonds will be the ministry's 18th issue of 30-year book-entry treasury bonds this year.