Ministry of Finance issues announcement No. 150 of 2025 on national bond operations

The competitive bidding for the 2025 bond-style interest-bearing national debt has been completed. In accordance with the regulations on national debt issuance, the relevant matters are announced as follows: 1. The planned issuance amount for this bond is 157 billion yuan, with an actual issuance face value of 157 billion yuan. 2. The bond has a maturity of 2 years, with a coupon rate of 1.44% determined through bidding. Interest will start accruing on September 15, 2025, and distribution will take place from the end of the bidding period until September 15. Trading will begin on September 17. 3. This bond is a fixed-rate interest-bearing bond, with interest paid annually on September 15. The principal will be repaid on September 15, 2027, along with the final interest payment. Other matters will be implemented in accordance with the "National Debt Business Announcement."