China to Float 30-yr T-bonds at Yield of 4.23%

BEIJING, Dec. 10 -- China's Ministry of Finance said on Wednesday that it will sell a batch of 30-year long-term book-entry treasury bonds this week at a yield of 4.23 percent.

The bonds, with a total face value of 28 billion yuan ($4.2 billion), will be sold over five days starting Thursday, said the ministry in a statement on its website.

The bonds are the 40th batch of the kind to be sold by the ministry this year, and will be the fifth batch of 30-year T-bonds the ministry has sold this year.

The bonds will become tradable on Dec 15 through the national inter-bank bond market and over the counter at designated commercial banks.

The interest will be paid every half year.