In 2025, the first re-issuance of book-entry interest-bearing national bonds was completed through bidding, with an actual re-issuance face value amount of 157.32 billion yuan.

The first re-issue of the 2025 book-entry coupon-bearing national bonds has completed the bidding process. The planned re-issuance amount for this national bond is 157 billion yuan, and the actual re-issuance face value amount is 157.32 billion yuan. The re-issuance price determined through bidding for this national bond is 99.94 yuan, equivalent to an annual yield of 1.50%. The re-issuance portion of this national bond will be distributed from the end of bidding until September 29, and will be combined with the original issuance portion of 145 billion yuan for trading on the market starting from October 9. The starting date, coupon rate, and other elements for this re-issued portion of the national bond are the same as the 2025 book-entry coupon-bearing national bonds, with the starting date on August 15, 2025, a coupon rate of 1.42%, interest payments made annually on August 15, and the principal repayment on August 15, 2028 along with the final interest payment.