财政部拟第一次续发行2025年记账式附息（二十期）国债

Core Viewpoint - The Ministry of Finance has announced the first re-issuance of the 2025 book-entry interest-bearing (20th issue) government bonds, indicating a strategic move to manage national debt and interest rates [1] Summary by Categories Government Bonds - The re-issuance involves a total competitive bidding amount of 99 billion yuan [1] - The bonds have a fixed interest rate of 1.63%, consistent with previously issued bonds of the same maturity [1] - The bidding time is set for November 19, 2025, from 10:35 AM to 11:35 AM [1]