According to the issuance arrangement of ultra-long-term special treasury bonds announced by the Ministry of Finance, the 20-year ultra-long-term special treasury bonds were officially launched on the morning of May 24.
According to the issuance arrangement, the initial 20-year ultra-long-term special treasury bonds are fixed-rate interest-bearing bonds with a total issuance amount of 40 billion yuan, which are tendered and issued through the government bond issuance system of the Beijing Stock Exchange of the Ministry of Finance. The coupon rate was determined on the morning of May 24 through competitive bidding by the underwriting group.
In terms of the date of payment of principal and interest, this issue of treasury bonds begins to accrue interest on May 25 this year, and pays interest every six months. The interest payment date is May 25 and November 25 each year, and the principal is repaid and the last interest is paid on May 25, 2044.
According to the notice of the Ministry of Finance, this issue of treasury bonds will be distributed from the end of the tender to May 27, and will be listed and traded on May 29.
Notice
on Issues Related to the Issuance of 2024 Super Long-Term Special Treasury Bonds (Phase II) Members of the Underwriting Group of
Treasury Bonds (No.
100, 2024) China Government Securities Depository Trust & Clearing Co., Ltd., China Securities Depository & Clearing Co., Ltd., China Foreign Exchange Trading System, Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing Stock Exchange:
The Ministry of Finance intends to issue the 2024 ultra-long-term special treasury bonds (Phase II) (20 years). The relevant matters concerning this issuance are hereby notified as follows:
I. Elements
of Bonds (I) Types. The current treasury bond is a 20-year fixed-rate interest-bearing bond.
(2) The number of shares issued. The total face value of competitive bidding for the current treasury bonds is 40 billion yuan, and no additional bidding for Class A members will be conducted.
(3) The nominal interest rate. The coupon rate of the current treasury bonds is determined through competitive bidding.
(4) The date of payment of principal and interest. The current treasury bonds begin to accrue interest on May 25, 2024, and pay interest every six months. The interest payment date is May 25 (postponed holidays, the same below) and November 25 each year. The principal is repaid and the last interest is paid on May 25, 2044.
2. Competitive bidding arrangement
(1) Competitive bidding time. May 24, 2024, 10:35 am to 11:35 am.
(2) Competitive bidding method. The competitive bidding of this issue adopts the single price bidding method, and the target is the interest rate.
(3) Distribution system. It is issued by tender through the government bond issuance system of the Beijing Stock Exchange of the Ministry of Finance.
(4) Position limit. The difference between the bid positions of each member of the underwriting syndicate is 45 bid positions. The bidding range is 1 to 5 working days before the tender date (including the first and fifth working days). In the yield curve of China's treasury bonds published by China Bond Information Network, the arithmetic average yield of 20-year treasury bonds fluctuates by 10% (rounded to 0.01%).
3. Payment of issuance funds and issuance fees
The members of the winning underwriting group shall pay the issuance funds to the designated account of the Ministry of Finance before May 27, 2024 (including May 27). The date of payment shall be the date of receipt of the payment in the designated account of the Ministry of Finance. Name
of payee: Ministry of Finance
of the People's Republic of China Bank of deposit: General Treasury
of the State Treasury Account No.: 270 — 247702 — 1
Bank No.: 011100099992
Current treasury bonds issued The bank commission is 0.06% of the face value of the underwriting by the members of the underwriting syndicate.
4. Distribution and Listing Date
The current treasury bonds will be distributed from the end of the tender to May 27, 2024, and will be listed and traded from May 29.
5. For other
forms of emergency bidding documents for this issuance and emergency application for creditor's rights trusteeship, see Annexes 1 and 2.
In addition to the above provisions, the bidding work of the current treasury bonds shall be carried out in accordance with the Rules for the Bidding and Issuance of Book-entry Treasury Bonds.
Attachment: 1. Emergency Tender
for Issuance of Super Long-Term Special Treasury Bonds in 2024 2. Emergency Application for
Creditor's Rights Trusteeship of Super Long-Term Special Treasury Bonds in 2024 General Office
of the Ministry of Finance May 17
, 2024