The Ministry of Finance plans to issue the 2025 accounting indexed interest-bearing national bonds for the first time.

According to the news from the Ministry of Finance on March 9, the Ministry of Finance plans to issue the first reissue of the 2025 book-entry interest-bearing national bonds. This reissue of national bonds is a 50-year fixed-rate interest-bearing bond. The total face value of this reissue of national bonds through competitive bidding is 32 billion yuan, and no additional bidding by Class A members will be conducted. The face interest rate of this reissue of national bonds is the same as that of the previous national bonds issued at the same time, which is 2.28%. The start date and redemption arrangement of this reissue of national bonds are the same as those of the previous national bonds issued at the same time. Interest will begin to accrue from November 6, 2025, with semi-annual interest payments made on May 6 and November 6 of each year, and the principal will be repaid and the final interest paid on November 6, 2075. The bidding period is from 10:35 to 11:35 on the morning of March 11, 2026, and distribution will take place from the end of the bid until March 12, 2026. Trading will commence on the stock market from March 16, 2026, combined with the previous national bonds issued at the same time.