China will issue 29 billion yuan ($4.7 billion) in five-year book-entry treasury bonds, the Ministry of Finance announced Wednesday.

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

The interest rate for the bonds is fixed at 4.04 percent. Interest will be paid annually on April 24, [HK Corporate Registration]and the last year's interest and the principal will both be paid upon maturity on April 24, 2019.

The bonds are being sold on the inter-bank bond market until April 28 and will become tradable on April 30, according to the statement.