China to Issue $3.8b of 2-yr Treasury Bonds

BEIJING, Jan. 29 -- China is scheduled to issue 26 billion yuan ($3.82 billion) of book-entry treasury bonds from Jan 28, the Ministry of Finance (MOF) announced Wednesday.

The two-year bonds, the first batch of treasury bonds this year, will be issued on the national inter-bank bond market and securities exchange market on Jan 28 and Jan 29, the MOF said in a statement on its website.

The bonds have a fixed annual interest rate of 2.01 percent and will be available for trading from Feb 2. Interest will be paid annually. The principal will be paid upon maturity on Jan 28, 2012.