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China MoF to issue 35B yuan 50-yr ultra-long special bonds

China’s Ministry of Finance will conduct the second re-issuance of its 50-year ultra-long special treasury bonds (tranche 3) today, totaling 35 billion yuan. The fixed-rate coupon bonds carry a rate of 2.52%, unchanged from the previous issuance.

Original source

AI take

This second re-issuance at an unchanged coupon signals the government's intent to maintain long-term borrowing costs despite market shifts. It matters for institutional holders of duration, as the steady supply of ultra-long paper tests demand at these levels. Whether yields hold near the coupon in secondary trading will indicate investor appetite for very long-dated Chinese sovereign risk.

Generated by AI for reference only.

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