The Ministry of Finance plans to issue renewed special treasury bonds due in 2025. The first installment is a 10-year fixed interest rate interest-bearing bond, and the second instalment is a 15-year fixed interest rate interest-bearing bond. The release date is December 12, 2025. The first issue had a face value of 400 billion yuan, and the second issue had a face value of 350 billion yuan. The coupon interest rate for both treasury bonds is the arithmetic average of treasury bond yield for the same period in the Chinese treasury bond yield curve from 1 to 5 working days before the issuance date. Both treasury bonds will start accruing interest on December 12, 2025, and interest will be paid every six months. The interest payment dates are June 12 and December 12 of each year; the first instalment will repay the principal amount and pay the last interest on December 12, 2035, and the second instalment will repay the principal amount and pay the last interest on December 12, 2040. The distribution method is targeted distribution to relevant domestic banks, and the People's Bank of China will carry out open market operations for relevant banks.

The Ministry of Finance plans to issue renewed special treasury bonds due in 2025. The first installment is a 10-year fixed interest rate interest-bearing bond, and the second instalment is a 15-year fixed interest rate interest-bearing bond. The release date is December 12, 2025. The first issue had a face value of 400 billion yuan, and the second issue had a face value of 350 billion yuan. The coupon interest rate for both treasury bonds is the arithmetic average of treasury bond yield for the same period in the Chinese treasury bond yield curve from 1 to 5 working days before the issuance date. Both treasury bonds will start accruing interest on December 12, 2025, and interest will be paid every six months. The interest payment dates are June 12 and December 12 of each year; the first instalment will repay the principal amount and pay the last interest on December 12, 2035, and the second instalment will repay the principal amount and pay the last interest on December 12, 2040. The distribution method is targeted distribution to relevant domestic banks, and the People's Bank of China will carry out open market operations for relevant banks.