财政部发行2025年记账式附息（十五期）国债

Group 1 - The Ministry of Finance plans to issue the 2025 Book-Entry Interest-Bearing (Fifteenth Issue) Government Bonds with a total competitive bidding face value of 145 billion yuan [1][2] - This bond is a 3-year fixed-rate interest-bearing bond, with interest payments starting from August 15, 2025, and the principal repayment on August 15, 2028 [1][2] - The bidding will take place on August 14, 2025, from 10:35 AM to 11:35 AM, using a modified multiple-price bidding method [2][3] Group 2 - The issuance will be conducted through the Ministry of Finance's government bond issuance system at the Beijing Stock Exchange [4] - The bidding positions will have specific limits, with exclusions for bids and winning bids set at 80 and 30 positions respectively, and each underwriter member limited to 40 positions [5] - The issuance fee for this bond will be 0.03% of the underwriting face value for each underwriter member [7] Group 3 - Distribution of the bonds will occur from the end of the bidding until August 15, 2025, with trading commencing on August 19, 2025 [8]