China's Finance Ministry to Issue Two 2026 Electronic Savings Bonds

China's Ministry of Finance said it will issue the fifth and sixth tranches of 2026 electronic savings bonds. According to Jin10, both bonds will have fixed interest rates and fixed maturities. The fifth tranche will have a 3-year term with a 1.63% annual coupon rate and a maximum issuance size of 27 billion yuan. The sixth tranche will have a 5-year term with a 1.7% annual coupon rate and a maximum issuance size of 33 billion yuan. The subscription period will run from July 10, 2026, to July 19, 2026. Interest will start accruing on July 10, 2026, with interest paid annually on July 10 each year. The fifth tranche will repay principal and pay the final interest on July 10, 2029. The sixth tranche will repay principal and pay the final interest on July 10, 2031.