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 (19 issues) national debt (28 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 28 days, which is issued at a discount price lower than 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 April 17, 2024, and the interest will be calculated on April 18. The distribution will be carried out from the end of the bidding to April 18, and it will be listed on April 22.
(3) Cashing arrangement. This treasury bond will be repaid at face value on May 16, 2024 (postponed on holidays).
(4) Time of competitive bidding. 10:35 a.m. to 11:35 a.m. on April 17, 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 0.001 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 April 18, 2024 (including April 18). 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.: 270-24219-1
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 11, 2024
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