China will issue 30 billion yuan (about US$3.9 billion) worth of book-entry treasury bonds on May 17, the Ministry of Finance (MOF) said in a statement on Wednesday.

The thirty-year T-bonds carry an annual interest rate of 4.27 percent and will be sold via the national inter-bank bond market and stock markets between May 17 and May 22, and tradable from May 28.

This is the sixth batch of book-entry T-bonds issued by the MOF this year.

Since these are the first very long-term T-bonds issued by the MOF in the past five years, market analysts say that the yields of mid-and long-term bonds are likely to be re-evaluated by the bond market.

(Xinhua News Agency May 17, 2007)