China will issue 10 billion yuan ($1.64 billion) in one-year book-entry treasury bonds, the Ministry of Finance announced Wednesday.

It is the ministry's second issuance of book-entry treasury bonds this year, according to a ministry statement.

The interest rate for the bonds is [Offshore Company Incorporation]fixed at 4.04 percent. Interest and the principal will both be paid upon maturity on Jan 9, 2015.

The bonds are being sold on the inter-bank bond market until Jan 13 and will become tradable on Jan 15, according to the statement.