The People's Bank of China: The fourth phase of central bank bills has a term of 6 months (182 days), is a fixed-rate interest-bearing bond, and the principal and interest will be paid upon maturity. The issuance volume is RMB 30 billion, the interest accrual date is June 20, 2025, and the maturity date is December 19, 2025. The maturity date will be postponed if it falls on a holiday. The fourth phase of central bank bills has a face value of RMB 100 and is issued by Dutch bidding, with the bidding subject being the interest rate.
