The Ministry of Finance (MOF) sold 30 billion yuan ($4.8 billion) in 10-year book-entry treasury bonds from May 23 to 27. The issuance is the MOF's 11th batch of book-entry treasury bonds this year.

The interest rate for the bonds is fixed at 3.38 percent. Interest will be paid every half year, with the last interest and the principal paid upon maturity on May 23, 2023.

The bonds will become tradable on exchange markets starting on May 29, according to the MOF.