Core Viewpoint - The Ministry of Finance has announced measures to support the market-making of government bonds, aiming to enhance liquidity in the secondary market and improve the yield curve reflecting market supply and demand [1] Group 1: Market Operations - The Ministry of Finance will conduct market-making support operations for government bonds [1] - The operations will include the issuance of two types of government bonds: the 2025 14th issue and the 2025 15th issue, with operation amounts of 3.3 billion yuan and 2.8 billion yuan respectively [2] - The auction for the 2025 14th issue will take place on October 21 at 11:05, while the 2025 15th issue will be auctioned at 11:35 [2] Group 2: Auction Details - The 2025 14th issue will have a maturity of 5 years, and the 2025 15th issue will have a maturity of 3 years [2] - The price fluctuation limits for the 2025 14th issue and the 2025 15th issue are set at 0.05 yuan and 0.03 yuan respectively, with a maximum price limit of 40 yuan [2]

Core Points - The Ministry of Finance plans to issue a second tranche of the 2025 fixed-rate coupon treasury bonds, with a total face value of 127 billion yuan [1] - The coupon rate for this issuance remains at 1.42%, consistent with previous issuances of the same bond series [1] - The bonds will start accruing interest from August 15, 2025, with annual interest payments on August 15 each year, and the principal will be repaid on August 15, 2028 [1] - The competitive bidding for this bond issuance is scheduled for October 20, 2025, from 10:35 AM to 11:35 AM [1]

财政部将第一次续发行2025年记账式附息(十五期)国债 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 本次续发行国债的起息日、兑付安排与之前发行的同期国债相同。自2025年8月15日开始计息，按年付 息，每年8月15日(节假日顺延，下同)支付利息，2028年8月15日偿还本金并支付最后一次利息。 本次续发行国债发行手续费为各承销团成员承销面值的0.03%；招标结束至2025年9月29日进行分销， 10月9日起与之前发行的同期国债合并上市交易。(完) 来源：中国新闻网 编辑：付健青 中新网北京9月19日电 (记者 赵建华)财政部19日公布，26日将招标第一次续发行2025年记账式附息(十五 期)国债。 本次续发行国债为3年期固定利率附息债，竞争性招标面值总额1570亿元，票面利率与之前发行的同期 国债相同，为1.42%。 ...

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]

Core Viewpoint - The Ministry of Finance plans to issue a 3-year fixed-rate coupon bond, specifically the 2025 book-entry interest-bearing (15th issue) government bond, with a total competitive bidding face value of 145 billion yuan [1] Group 1 - The bond will be issued through a competitive bidding process, with the coupon rate determined during this process [1] - The total face value for this bond issuance is set at 145 billion yuan [1] - The bond is categorized as a Class A member additional bidding [1]