The Ministry of Finance plans to continue issuing 71 billion yuan in ultra-long-term special national bonds on May 9th.

The Ministry of Finance plans to issue the 2025 long-term special national bonds for the first time. This issuance of bonds will be 30-year fixed-rate coupon bonds. The total face value for competitive bidding is 71 billion yuan, with no additional bidding allowed for Class A members. The face interest rate for this issuance is the same as the previous issuance for the same period, at 1.88%. The start and repayment dates for this issuance are the same as the previous issuance for the same period. Interest will begin to accrue from April 25, 2025, with semi-annual interest payments on April 25 and October 25 each year, and the principal will be repaid on April 25, 2055, along with the final interest payment.