The Ministry of Finance said Thursday that it will sell 20 billion yuan ($3.2 billion) in certificate treasury bonds after the National Day holiday.
Â
The certificate treasury bonds, the third batch this year, will be sold from Oct 10 to Oct 19 to individual investors, the ministry said in a statement.
Â
The bonds include 12 billion yuan of three-year bonds with an annual interest rate of 4.76 percent and 8 billion yuan of five-year bonds with an annual interest rate of 5.32 percent.
Â
Interest will be calculated from the day of purchase and the principal and interest will be paid upon maturity, according to the statement.
Â
Individual investors can buy the bonds from 38 designated banks, including the Industrial and Commercial Bank of China, the Agricultural Bank of China, Bank of China and China Construction Bank.Â