The coupon rate of the first 30-year ultra-long-term special treasury bond has been set! How do individual investors buy?

Southern Metropolis Daily

2024-05-17 16:59Published on the official account of Guangdong Southern Metropolis Daily

The tender for the first tranche of 2024 ultra-long-term special treasury bonds was completed recently. Today (May 17), the Ministry of Finance announced that the 2024 ultra-long-term special treasury bonds (phase I) (hereinafter referred to as the current treasury bonds) have a term of 30 years, and the coupon rate determined by the bidding is 2.57%, and the interest will be calculated on May 20, 2024, and the distribution will be carried out until May 20 after the end of the bidding, and the listing will be traded on May 22.

The current treasury bonds are planned to issue 40 billion yuan, and the actual face value of the issuance is 40 billion yuan. The current treasury bonds are fixed-rate interest-bearing bonds, and the interest is paid on a semi-annual basis, and the interest payment date is May 20 (postponed accordingly on holidays, the same below) and November 20 of each year, and the principal is repaid and the last interest is paid on May 20, 2054, the day when the 30-year maturity expires.

How can individual investors buy ultra-long-term special treasury bonds?

Unlike savings bonds, ultra-long-term special treasury bonds are book-entry treasury bonds, which are mainly issued to institutional investors in the primary market through book-entry treasury bond underwriting syndicates, and the claims are recorded in the form of electronic bookkeeping at the Central Clearing Company. After listing, individual investors can buy from institutional investors in the secondary market.

Individual investors can purchase through the National Interbank Bond Market Counter Business Establishments such as Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, China Merchants Bank, Bank of Beijing, Bank of Shanghai, Shanghai Pudong Development Bank, Bank of Guangzhou, etc., or through securities companies that carry out bond brokerage business on stock exchanges such as Huatai Securities, Oriental Wealth, Everbright Securities, Guotai Junan, and Yuekai Securities.

Individual investors who purchase book-entry treasury bonds can open personal bond accounts and capital accounts in advance through the counter of any branch of the national inter-bank bond market counter-opening institution, online banking or mobile banking, and open book-entry treasury bond trading business; You can also open an ordinary A-share securities account and a capital account in a securities company in advance.

According to market demand, the counter business establishment institutions of the national inter-bank bond market independently select certain bond varieties for investors to purchase, and individual investors can purchase them through their branch counters, online banking or mobile banking. Book-entry treasury bonds listed and traded on the stock exchange can be purchased by individual investors through the outlets of securities companies or the APP of securities companies.

The Ministry of Finance issued a reminder on the morning of the 17th that for individual investors, if they buy savings bonds and book-entry treasury bonds, they can obtain stable principal and interest income.

The main difference between the two is that savings treasury bonds cannot be listed and traded during the duration period, while book-entry treasury bonds can be traded in the market during the duration period. The trading price of book-entry treasury bonds fluctuates with market conditions, and investors may gain trading income due to rising prices after buying, or they may face the risk of losses due to falling prices. Therefore, individual investors in book-entry treasury bonds should have certain investment experience and risk-taking ability for the purpose of trading profits rather than holding them to maturity.

Written by: Nandu reporter Zhao Weijia from Shanghai

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