2022 Treasury Bond Issuance Announcement

In order to raise fiscal funds and support the development of the national economy and social undertakings, the Ministry of Finance decided to renew the issuance of 2022 book-entry interest-bearing (fourteenth issue) treasury bonds (one-year term) for the first time. The relevant matters related to this renewal of issuance are hereby notified as follows:

1. Issuance conditions

(1) Variety and quantity. The value date, coupon rate, redemption arrangements, trading and custody methods of this renewed treasury bond are the same as those of the previously issued treasury bonds of the same period. Interest will be calculated starting from July 15, 2022; the coupon rate is 1.88%; the principal and interest will be paid in one lump sum at maturity, and the principal and interest will be repaid on July 15, 2023 (postponed during holidays). The total face value of competitive bidding is 85 billion yuan, and additional bids from Class A members will be conducted.

(2) Date arrangement. The bidding will be held on August 3, 2022; the bidding will be completed until August 4 for distribution; and it will be merged and listed with the previously issued government bonds of the same period from August 8.

(3) Competitive bidding time. August 3, 2022 from 10:35 am to 11:35 am.

2. Competitive bidding

(1) Bidding method. A modified multiple-price bidding method is adopted, with price as the subject matter.

(2) Position limitation. The bid price changes range by 0.01 yuan, and the difference between bid elimination, winning bid elimination and the bid price of each underwriting syndicate member is 50, 30 and 35 bids respectively.

3. Payment of issuance funds

Members of the winning bidder underwriting group will pay the issuance funds to the account designated by the Ministry of Finance before August 4, 2022 (inclusive). The payment date shall be based on the date when the payment is received in the account designated by the Ministry of Finance.

Name of payee: Ministry of Finance of the People's Republic of China

Bank of account: National Treasury

Account number: 270-22114-2< /p>

Remitting bank number: 011100099992

IV. Others

In addition to the above provisions, this treasury bond bidding work shall be carried out in accordance with the "Book-entry Treasury Bond Bidding and Issuance Rules" implement.