China will float 28 billion yuan (4.19 billion U.S. dollars) of three-year book-entry Treasury bonds from Thursday in a five-day sale, the Chinese Ministry of Finance said Wednesday.

The bonds will have an annual interest rate of 2.68 percent and become tradable Nov. 10.

Interest on the bonds will be paid on Nov. 4 every year.

The bonds are the 35th batch of the kind to be sold by the ministry this year.

The bonds will be sold on inter-bank and securities bond markets.

Traders said the market now had adequate fluidity and short-term investment products were more popular because of high inflation anticipation and thus the bond's interest rate did not run high this time.