The Ministry of Finance has implemented maturity management for some Treasury bonds

2022-06-17 0 By

Beijing, April 8 (People.com.cn) — The Ministry of Finance (MOF) has decided to implement maturity management on some bonds in order to further improve the scientific and standardized level of national debt management, according to the mOF website.The so-called maturity management refers to the process in which the Ministry of Finance further strengthens the national debt management, budget implementation and Treasury funds management by setting the maturity date of national debt as a specific date every month.The Ministry of Finance introduces, the national debt bond that carries out maturity management is the national debt bearing interest of account book type, namely the Ministry of Finance issues to pay interest regularly, repay principal to maturity and pay interest of last period, time limit 1 year above (include 1 year) the national debt of account book type, maturity is set for the 15 days of every month and 25 days.The specific provisions are as follows: ① The maturity date of each book-keeping interest-bearing Treasury bond is 15th or 25th of the maturity month.For the initial issue, the starting date of interest shall be the maturity date corresponding to the issuing month, the bidding date shall be one working day before the starting date of interest, and the payment date shall be one working day after the bidding date.② In the case of further issuance, the starting date of interest shall be the starting date of initial issuance. The bidding date shall be determined by the Ministry of Finance according to factors such as financing needs and the situation of the Treasury bond market. The payment date shall be one working day after the bidding date.③ If the maturity date of book-keeping interest-bearing Treasury bonds is a holiday, the maturity date shall be adjusted to one working day before the holiday, and the starting interest date shall be adjusted to the corresponding date of the maturity date in the issuing month according to the maturity date of the Treasury bonds.(Reporter Wang Zhen) Editor: Miao Chen