Ministry of Finance plans to issue the first follow-up issuance of 2026 book-entry interest-bearing national bonds.

This bond is a fixed-rate bond with annual interest payments. The total face value of this bond is 120 billion yuan through competitive bidding, and no additional bids from Class A members will be accepted. The face interest rate of this bond is the same as the previous bonds issued at the same time, at 1.22%. The interest start date and redemption arrangements for this bond are the same as the previous bonds issued at the same time. Interest will start accruing from January 15, 2026, and the principal and interest will be repaid in one lump sum on January 15, 2027.