Announcement of the Ministry of Finance of People's Republic of China (PRC) (No.17, 2004) The Ministry of Finance issued an announcement on June 5438+0, 2004, deciding to raise the grading interest rates of the 2004 voucher-type (sixth issue) national debt coupon rate and the early redemption of the current national debt. People here believe that in the context of the central bank's interest rate hike, the interest rate hike of the six-phase national debt is conducive to protecting the interests of investors, and the adjusted national debt is still more competitive than the deposits in the same period. According to the announcement, the three-year coupon rate of the current national debt purchased after June 29th, 2004 (including that day) is raised to 3.37%, and the five-year coupon rate is raised to 3.8 1%. The bonds purchased before will still be held in accordance with the original provisions of coupon rate, that is, 2.65% for three years and 3.00% for five years.
The relevant person in charge of the Ministry of Finance said that after the People's Bank of China1October 29th raised the deposit and loan interest rates of financial institutions, the three-year time deposit interest rate was raised from 2.52% to 3.24%. The interest rate of five-year fixed deposit increased from 2.79% to 3.60%, both of which were higher than the interest rate of six-year national debt before adjustment. In order to ensure the interests of investors in national debt, it is inevitable to raise the coupon rate of six-year national debt and redeem the graded interest rate in advance.