China plans to issue a total of 32.84 billion yuan (about US$4 billion) in book entry treasury bonds with a maturity term of seven years between November 25 and November 30, the Ministry of Finance said Thursday.

The T-bonds, which carry an annual rate of 3.01 percent, will be traded on the national inter-bank bond market, the Shanghai and Shenzhen stock markets and selected banks, which include the branches of the Industrial and Commercial Bank of China, China Agriculture Bank, the Bank of China and the China Construction Bank, the ministry said in a statement posted on its official website.

The ministry said the interest of the bonds will be paid on each November 25 during 2006 and 2012.

The bonds will also be available to investors who open stock and fund accounts with China Securities Registry and Settlement Co. or those banks during the week-long period of issuance, the ministry said.

(Xinhua News Agency November 25, 2005)