China's Ministry of Finance (MOF) said Sunday that it will issue 15 billion CNY (2.44 billion USD) in book-entry discount treasury bonds this week.
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The bonds will be sold on a discounted basis with a maturity term of 273 days, and the discount rate will be set through competitive tendering this Friday, the ministry said in a statement.
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It added that the bonds will be sold on the interbank market from May 10 to 14 and will become tradable on the secondary market on May 16.
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Interest calculation will start on May 12 and the maturity date will be Feb. 9, 2015.
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This is the MOF's second issuance of book-entry discount treasury bonds this year.Â