The Ministry of Finance issues the 2025 accounting discount treasury bonds.

The Ministry of Finance plans to issue accounting discount treasury bonds in 2025. The relevant matters related to this issuance are notified as follows: 1. Bond features: The current treasury bond is a 63-day discount bond. Issuance quantity: The total face value of competitive bidding for this treasury bond is 40 billion yuan, with additional bids from Class A members. Issuance price: The issuance price of this treasury bond will be determined through competitive bidding, with a discount issuance below the face value. Coupon payment date: The treasury bond will begin to accrue interest on December 4, 2025, and will be repaid at face value on February 5, 2026. 2. Competitive bidding arrangements: Bidding time: From 10:35 to 11:35 on December 3, 2025. Bidding method: The competitive bidding for this issuance will use a modified multiple-price bidding method, with the target being the price. Issuance system: Bidding and issuance will be conducted through the Ministry of Finance's government bond issuance system. Bid cap: The bid increment is 0.001 yuan, with exclusions for bids, successful bids, and bid increments for each underwriting syndicate member set at 90, 75, and 75 bid increments, respectively. 3. Payment of issuance funds: The successful underwriting syndicate members must pay the issuance funds into the designated account of the Ministry of Finance by December 4, 2025. The payment date is based on the date the Ministry of Finance receives the funds in the designated account. Payee's name: Ministry of Finance of the People's Republic of China Account opening bank: National Treasury General Account Account number: 270-25275-1 Incoming bank code: 011100099992 4. Distribution and listing date: The distribution of this treasury bond will take place from the end of bidding until December 4, 2025, with trading on the market starting from December 8.