The Ministry of Finance plans to issue a second tranche of the 2026 registered interest-bearing national bonds.

The Ministry of Finance plans to issue a second tranche of 2026 account-type interest-bearing government bonds. This issuance of bonds is for a 5-year fixed-rate interest-bearing bond. The total face value of the competitive bidding for this issuance is 155 billion yuan, without additional bidding from Class A members. The face interest rate of this issuance of bonds is the same as the same period bonds previously issued, at 1.54%. The start date and repayment arrangements of this issuance of bonds are the same as the same period bonds previously issued. Interest will start accruing from January 25, 2026, with annual interest payments on January 25 of each year. The principal will be repaid on January 25, 2031, along with the final interest payment.