Members of the book entry bond underwriting syndicate, the Central Government Securities Depository and Clearing Co., Ltd., China Securities Depository and Clearing Co., Ltd., China Foreign Exchange Trading Center, Shanghai Stock Exchange, Shenzhen Stock Exchange:
In order to raise financial funds and support the development of the national economy and social undertakings, the Ministry of Finance decided to issue the 2024 book entry discount (27 issues) national debt (91 days). The following is hereby notified of matters related to this issuance:
1、 Issuance conditions
(1) Variety and quantity. The current treasury bond is a discount bond with a term of 91 days, which is issued at a discount below the par value. The total face value of competitive bidding is 30 billion yuan, and additional bids are made by Class A members.
(2) Date schedule. The bidding will be held on May 10, 2024, and the interest will be calculated on May 13. The distribution will be conducted from the end of the bidding to May 13, and the market will be listed on May 15.
(3) Cashing arrangement. This treasury bond will be repaid at par on August 12, 2024 (postponed on holidays).
(4) Time of competitive bidding. 10:35 a.m. to 11:35 a.m. on May 10, 2024.
(5) Distribution system. It is issued through bidding through the government bond issuance system of the Ministry of Finance.
2、 Competitive bidding
(1) Bidding method. The modified multi price bidding method is adopted, and the object is the price.
(2) Label limit. The variation of bid position is 0.002 yuan, and the bid rejection, bid winning rejection and bid position difference of each underwriting syndicate member are 60, 50 and 50 bid positions respectively.
3、 Payment of issuance funds
The members of the successful underwriting syndicate shall pay the issuance funds to the account designated by the Ministry of Finance before May 13, 2024 (including May 13). The payment date shall be subject to the date of receipt of payment in the account designated by the Ministry of Finance.
Name of payee: Ministry of Finance of the People's Republic of China
Bank of deposit: National Treasury
Account No.: 270-24227-1
Receiving bank No.: 011100099992
4、 Others
See Annex 1 and Annex 2 for the "Emergency Bid for Bookkeeping National Debt Issuance" and "Emergency Application for Bookkeeping National Debt Trusteeship" of this national debt issuance.
In addition to the above provisions, the bidding work of the current period of national debt shall be carried out in accordance with the Rules for the Issuance of Bookkeeping National Debt Bidding.
Appendix: 1. Emergency Bidding Document for Bookkeeping National Debt Issuance
2. Emergency Application for Bookkeeping National Debt Trusteeship
General Office of the Ministry of Finance
April 29, 2024
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