China issues one-year treasury bonds

BEIJING - China will issue 10 billion yuan ($1.64 billion) in one-year book-entry treasury bonds, the Ministry of Finance announced Wednesday.

It is the ministry's second issuance of book-entry treasury bonds this year, according to a ministry statement.

The interest rate for the bonds is fixed at 4.04 percent. Interest and the principal will both be paid upon maturity on Jan 9, 2015.

The bonds are being sold on the inter-bank bond market until Jan 13 and will become tradable on Jan 15, according to the statement.