Ministry of Finance plans a third re-opening of the 2026 ultra-long special
government bond (5th tranche). This is a 20‑year fixed‑rate coupon bond;
competitive tender nominal amount CNY20 bln. No additional bids will be accepted
from Type A members. Coupon is 2.24%, unchanged from the prior like-dated issue.
Accrual begins 15 July 2026; semiannual interest paid each 15 Jan and 15 Jul
(business‑day shift). Principal and final interest due 15 July 2046. Tender
window 16 Oct 2026, 10:35–11:35 Beijing time.