According to Jin10, China's Finance Ministry plans a third reopening of the 2026 ultra-long special treasury bonds (issue five), with a total competitive bidding face value of 20 billion yuan. The reopened bonds are 20-year fixed-rate coupon bonds, carry the same coupon rate as the previously issued bonds of the same maturity at 2.24%, and will have the same interest-accrual date and redemption arrangements. Interest will accrue from July 15, 2026, with semiannual coupon payments on January 15 and July 15 each year, and principal plus the final interest payment will be repaid on July 15, 2046. The bidding will run from 10:35 a.m. to 11:35 a.m. on October 16, 2026.