Chinese Ministry of Finance announced  Wednesday that it will issue a new batch of book-entry treasury bonds worth 28.54 billion yuan (4.20 billion U.S. dollars) this week. It`s the 21st placement,  launched by the ministry this year.

According to a Finance ministry statement, this batch of 1-year T-bonds, has a fixed annual interests rate of 1.46 percent.

The bonds will be sold to the public between September 3-7, with interests to be calculated as of September 3, 2009. The principal and interests will be repaid on September3, 2010.

According to the ministry, the bonds will become tradable on September 9 through the national inter-bank bond market and over the trial counters of the designated commercial banks.