The Ministry of Finance plans to renew the 2025 interest-bearing treasury bonds for the second time. This reissue of treasury bonds is a 50-year fixed interest rate interest-bearing bond. The total face value of the competitive tender for the renewal of treasury bonds was 20 billion yuan, and there will be no additional bids from Class A members. The coupon interest rate for this renewal of treasury bonds is the same as the treasury bonds previously issued for the same period, which is 2.28%. The starting date and payment arrangement for this renewal of treasury bonds are the same as the treasury bonds previously issued for the same period. Interest will be accrued starting November 6, 2025, and interest will be paid on a semi-annual basis. Interest will be paid every year on May 6 and November 6, and the principal amount will be repaid and the last interest paid on November 6, 2075. The tender period will be on November 6, 2026, from 10:35 a.m. to 11:35 a.m.

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