财政部将第一次续发行2025年记账式附息（十五期）国债

Core Points - The Ministry of Finance announced the first re-issuance of the 2025 book-entry interest-bearing government bonds on September 19, with the auction scheduled for September 26 [1] - The re-issued bonds have a total competitive bidding face value of 157 billion yuan and a fixed coupon rate of 1.42%, consistent with previously issued bonds of the same term [1] - The interest period for these bonds starts from August 15, 2025, with annual interest payments on August 15 each year, and the principal repayment along with the final interest payment on August 15, 2028 [1] Summary by Category Issuance Details - The re-issuance involves a 3-year fixed-rate interest-bearing bond [1] - The issuance fee for the bonds is set at 0.03% of the underwriting face value for each underwriting group member [1] Auction and Trading - The auction for the bonds will take place on September 26, with distribution occurring from the end of the auction until September 29, 2025 [1] - The bonds will be merged for trading with previously issued bonds starting from October 9, 2025 [1]