The Ministry of Finance plans to conduct the first successive issuance of 2026 book-entry coupon-bearing (Fourth Tranche) Government Bonds with a total bidding face value of 175 billion yuan.

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People’s Financial News, March 17 — The Ministry of Finance plans to issue a renewal of the 2026 Book-Entry Fixed-Interest (Phase IV) Government Bonds for the first time. This renewal bond is a 3-year fixed-rate interest-bearing bond. The total face value of this competitive tender is 175 billion yuan, with no additional bids from Category A members. The coupon rate for this renewal bond is the same as that of the previously issued bonds of the same period, at 1.32%. The start date and payment arrangements for this renewal bond are the same as those of the previously issued bonds of the same period. Interest will accrue from February 25, 2026, with annual interest payments on February 25 each year (if it falls on a holiday, the payment will be postponed accordingly), and the principal will be repaid along with the final interest payment on February 25, 2029. The bidding will take place from 10:35 to 11:35 a.m. on March 20, 2026.

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