Goes on sale today at 10 o'clock! The special treasury bond is coming, and it was "crazy robbed" last time

National Business Daily

2024-05-27 08:37Published on the official account of Sichuan Daily Economic News

Edited by: Bi Luming

On May 27, individual investors can buy ultra-long-term special treasury bonds in banks again!

On May 24, the Ministry of Finance issued a treasury bond business announcement showing that the bidding for the 2024 ultra-long-term special treasury bonds (phase II) has been completed. The current treasury bond is a 20-year fixed-rate interest-bearing bond, with a total face value of 40 billion yuan and a winning interest rate of 2.49%. After the end of the bidding, distribution will be carried out on May 27, and the listing will be traded from May 29.

According to this arrangement, on May 27, some banks will sell the second tranche of ultra-long-term special treasury bonds to individual investors.

It is understood that the above-mentioned 20-year ultra-long-term special treasury bonds will be distributed to individuals from 10:00 to 15:30 on May 27 (Monday).

Image source: China Merchants Bank mobile APP

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 25 (postponed accordingly on holidays, the same below) and November 25 of each year, and the principal is repaid and the last interest is paid on May 25, 2044.

According to the Financial Times, on the morning of May 26, the reporter consulted a number of large state-owned banks and joint-stock banks and learned that on May 27, individual investors can buy ultra-long-term special treasury bonds at China Merchants Bank and Zheshang Bank. The customer service staff of many other banks, including Industrial and Commercial Bank of China, China Construction Bank and China Everbright Bank, have replied that they have not yet received a notice that ultra-long-term special treasury bonds will be offered to individual investors tomorrow.

China Merchants Bank said that from 10 a.m. to 3:30 p.m. on May 27, individual investors can purchase the second phase of ultra-long-term special treasury bonds through the bank's personal banking PC client, APP and bank branch counters. The issue price and face value of the bonds are both 100 yuan, and the overall issuance quota of the bank is 500 million yuan, and there is no limit on the individual purchase quota.

Zheshang Bank said that the bank will also issue the second phase of ultra-long-term special treasury bonds from 10:00 to 15:30 on May 27, and individual investors can purchase them through mobile banking and bank outlets. The customer service staff said that individuals can open a bond custody account and go through risk assessment at the branch with their commercial card and ID card, or open a bond custody account and go through risk assessment through self-service channels such as mobile banking, and then they can buy bonds.

Image source: Ministry of Finance website 

On the day when the first ultra-long-term special treasury bonds were put on sale to individual investors, investors' enthusiasm for subscription was high.

On May 20, Zheshang Bank successfully distributed the first ultra-long-term special treasury bonds over the counter, and officially launched sales at 10 a.m. on the same day. In order to meet the needs of the majority of investors, Zheshang Bank quickly increased the distribution quota at 11 o'clock on the same day, which was also sold out in a short time.

On May 22, the first 30-year ultra-long-term special treasury bond was listed and traded, namely "24 Special Country 01", which investors can buy at the outlets of securities companies or APP.

With the regular issuance of ultra-long-term special treasury bonds, their investment value continues to attract market attention. On May 24, "24 Special Country 01" closed at 100.406 yuan, down 0.17%. On the day of listing and trading on May 22, the "24 Special Country 01" opened sharply in the morning, triggering two temporary stops, an increase of up to 25%.

For individual investors, the purchase of ultra-long-term special treasury bonds also needs to pay attention to investment risks. The Ministry of Finance recently revealed that the ultra-long-term special treasury bonds to be issued this year are book-entry treasury bonds. 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.

"Individual investors in book-entry treasury bonds that do not hold them to maturity but for the purpose of trading for profit should have certain investment experience and risk-bearing ability." The Ministry of Finance emphasized.

National Business Daily, Financial Times, Ministry of Finance

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