Ministry of Finance issues Public Notice No. 154 of 2025 on National Bonds Business.

The accounting-style discount treasury bonds of 2025 have completed the bidding process. According to the relevant regulations on the issuance of treasury bonds, the following matters are announced: 1. The planned issuance amount of this batch of treasury bonds is 20 billion yuan, and the actual issuance face value amount is 20.27 billion yuan. 2. The term of this batch of treasury bonds is 28 days, and the issuance price determined through bidding is 99.913 yuan, equivalent to an annual yield of 1.13%. Interest will begin to accrue on September 18, 2025, and distribution will take place from the end of the bidding process until September 18. Trading will commence on September 22. 3. This batch of treasury bonds will be issued at a discount below the face value, and will be redeemed at face value on October 16, 2025. Other matters will be implemented in accordance with the regulations of the "Treasury Bonds Business Announcement".