Ministry of Finance issues 2025 Public Debt Business Announcement No. 151

The book-entry interest-bearing national bonds for 2025 have completed the tendering process. According to the relevant regulations on the issuance of national bonds, the following matters are announced: 1. The planned issuance of this period of national bonds is 150 billion yuan, and the actual issuance face value is 150 billion yuan. 2. The term of this period of national bonds is 7 years, and the coupon rate determined through tendering is 1.78%. Interest will begin to accrue on September 15, 2025. Distribution will take place from the end of tendering to September 15, and trading will commence on September 17. 3. This period of national bonds is fixed-rate interest-bearing bonds, with interest paid annually on September 15th. The principal will be repaid and the final interest will be paid on September 15, 2032. Other matters will be implemented in accordance with the regulations in the "Announcement on National Bond Business."