China's Ministry of Finance (MOF) announced Friday it would sell 28 billion yuan (US$4.2 billion) of book-entry discount treasury bonds from next Monday.

The bonds would be sold at a discount and mature at face value, said the ministry in a statement on its website.

With a term of 91 days, the issue price of the discount bonds would be 99.542 yuan, said the statement.

The bonds will be sold from Oct. 25 to 27 and become tradable on inter-bank and securities bond markets on Oct. 29.

The issue is the 14th batch of its kind this year.

(Xinhua News Agency October 23, 2010)