Ministry of Finance: Renewing special national bonds due in 2025 with equal amounts to be issued on a rolling basis without increasing the fiscal deficit.

17:26 10/12/2025

The Ministry of Finance will launch a special bond issuance for the renewal of maturing in 2025 on December 12. The relevant person in charge of the Ministry of Finance accepted an interview with reporters on this matter.

The Ministry of Finance will issue special bonds due in 2025 on December 12th. The relevant person in charge of the Ministry of Finance stated in an interview with reporters that for the 750 billion yuan special bonds due on December 12, 2025, the Ministry of Finance will continue the previous practice and continue to issue them in a rolling manner to relevant banks. The special bonds due in 2025 will be issued in the national interbank bond market to relevant banks in the form of targeted issuance, with ten-year bonds of 400 billion yuan and fifteen-year bonds of 350 billion yuan. The issuance of the special bonds due in 2025 is a rollover issuance of the original special bonds, which correspond to the original assets and liabilities and do not increase the fiscal deficit.

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