The Ministry of Finance plans to issue the 2024 ultra-long-term special government bonds for the third time.

On August 30th, the Ministry of Finance plans to issue the 2024 Super Long-term Special Treasury Bonds (Fourth Tranche) for the third time (30-year maturity). The total face value of the competitive bidding for this reissue of bonds is 60 billion yuan, with a coupon rate of 2.47%, starting to accrue interest from July 25, 2024, and paying interest every six months. Regarding the 2024 Super Long-term Special Treasury Bonds (Fourth Tranche) Notice on the third reissue work Ministry of Finance Notice No. 182 of 2024 Members of the book-entry treasury bond underwriting syndicate, Central Depository & Clearing Co., Ltd., China Securities Depository and Clearing Corporation Limited, China Foreign Exchange Trade System, Shanghai Stock Exchange, Shenzhen Stock Exchange: The Ministry of Finance plans to issue the 2024 Super Long-term Special Treasury Bonds (Fourth Tranche) for the third time (30-year maturity). The relevant matters regarding this reissue work are notified as follows: 1. Bond Information (1) Variety. The reissue of bonds this time is a 30-year fixed-rate interest-bearing bond. (2) Issuance amount. The total face value of the competitive bidding for this reissue of bonds is 60 billion yuan, and no additional bids will be made by Type A members. (3) Coupon rate. The coupon rate of the reissue of bonds this time is the same as the previous bonds of the same period, at 2.47%. (4) Maturity. The interest calculation and repayment arrangements of the reissue of bonds this time are the same as the previous bonds of the same period. Interest will start accruing from July 25, 2024, pay interest every six months on January 25 (holiday postponed, the same below) and July 25, with the principal and final interest payment due on July 25, 2054. 2. Competitive Bidding Arrangements (1) Bidding time. From 10:35 to 11:35 on September 6, 2024. (2) Bidding method. The bidding for this bond will be conducted using a single-price bidding method, with price as the target. (3) Issuance system. Bidding issuance will be done through the Ministry of Finance government bond issuance system. (4) Bid limit. The bid price change range is 0.2 yuan, and each underwriting syndicate member's bid price difference is 45 bid places. The bid price range is based on the arithmetic average of the 30-year treasury bond yields within 1 to 5 working days before the bidding date, with a fluctuation of 10% up and down (rounded to 0.01%). 3. Payment of Issuance Funds and Issuance Fees The successful underwriting syndicate members are required to pay the issuance funds into the designated account of the Ministry of Finance before September 9, 2024. The payment date will be based on the date the designated account of the Ministry of Finance receives the funds. Payee's Name: Ministry of Finance of the People's Republic of China Bank: National Treasury General Treasury Account: 270-247704-4 Remittance Bank Number: 011100099992 The issuance fee for the reissue of bonds this time is 0.06% of the underwriting syndicate members' face value. 4. Distribution and Listing Date The distribution of the reissue of bonds will be conducted from the end of bidding to September 9, with trading starting on September 11, combined with the previously issued bonds of the same period. 5. Other The format of the emergency bid and bond custody emergency application documents for this issuance can be found in Appendix 1 and 2. In addition to the above provisions, the bond bidding work this time will be carried out in accordance with the "Book-entry Treasury Bond Bidding and Issuance Rules." Office of the Ministry of Finance August 27, 2024 This article is excerpted from the "Ministry of Finance"; Edited by GMTEight: Ye Zhiyuan.