The Ministry of Finance plans to issue a second tranche of accounting interest-bearing national bonds in 2026 with a total amount of 120 billion yuan.

The Ministry of Finance plans to issue the 2026 accounting interest-bearing government bonds for the first time. This issuance will be for 1-year fixed-rate interest-bearing bonds with a total face value of 120 billion yuan through competitive bidding, and there will be no additional bids from Class A members. The face interest rate of this issuance will be the same as the same period government bonds previously issued, at 1.22%. The issuance date and repayment arrangements of this issuance will be the same as the same period government bonds previously issued. Interest will start accruing from January 15, 2026, with principal and interest to be repaid in a lump sum on January 15, 2027.