China will issue 28 billion yuan (US$3.7 billion) of short-term book-entry treasury bonds from September 6, the Ministry of Finance (MOF) said in a statement on Wednesday.

The three-month T-bonds, with a par value of 100 yuan, will be sold at the price of 99.411 yuan, carrying an annual yield of 2.49 percent. The bonds will be repaid at the par value on December 6, 2007.

The bonds will be sold via the national inter-bank bond market and stock markets between September 6 and September 10, and tradable from September 12.

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

The MOF announced on the same day that it will issue the next batch of one-year 28 billion yuan of book-entry T-bonds between September 13 and 18.

China has issued a total of 460 billion yuan of book-entry treasury bonds this year. The value was 652.72 billion yuan in 2006, 150 billion yuan more than the 2005 figure.