China's Ministry of Finance (MOF) said Friday it would issue 24 billion yuan (3.5 billion U.S. dollars) of book-entry treasury bonds next week.

The three-day issue is scheduled to start on March 1, the MOF said in a statement posted on its website.

The bonds, with a term of 30 years, have a fixed annual interest rate of 4.08 percent to be paid out every half year, it said.

It will be the third time this year that the government has issued book -entry treasury bonds. The first two batches had terms of two years and ten years, respectively.