China's Ministry of Finance issued 73 billion yuan (about 10.81 billion U.S. dollars) of ultra-long special treasury bonds with a term of 30 years on Wednesday, the third batch of its 1.3 trillion yuan (192.68 billion U.S. dollars) of such bonds planned for this year.
The 30-year fixed-rate bonds are issued with a coupon rate of 2.23 percent.
The issuance follows this year's government work report, which proposed raising 1.3 trillion yuan through ultra-long special treasury bonds to support projects for implementing major national strategies and building security capacity in key areas, as well as large-scale equipment upgrades and consumer goods trade-in programs.
According to a notice previously released by the ministry, the issuance of this year's ultra-long special treasury bonds is expected to be completed by mid-October.
Ultra-long special treasury bonds are government securities with maturities typically of 10 years or longer. They are used as a policy tool to finance long-term, large-scale investments aligned with national priorities, while also helping to stabilize growth by injecting sustained fiscal support into the economy.
China issues new batch of ultra-long special treasury bonds
