China government bonds
8 USD government bonds tracked for China, maturing 2027–2031. Yields to worst 4.2–4.7% on 8 Oct 2026. Compare dated prices, yields and scheduled payments.
Legal name: Ministry of Finance of the People's Republic of China
8 tracked issues for central government, denominated in USD. Scheduled final maturities range from 2 NOV 27 to 26 OCT 31. Recorded governing law: NY, UK. Corporate and regional government obligations are listed separately in the country directory.
Updated 8 OCT 26.
Figures cover the bonds listed on this page.
Bond prices, yields and maturities
| Bond | ISIN | Currency | Price per 100 | Yield to worst (S.A.) | Coupon | Maturity | Price date | G-spread (bps) | Modified duration (years) | Outst (USDm) | Seniority | Curve coverage |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHINA 2.625 27 | XS1706605281 | USD | 98.363 | 4.21% | 2.625% | 2 NOV 27 | 7 OCT 26 | -24.0 | 1.02 | 1,000 | Not documented | Included in fit |
| CHINA 4.125 27 | USY15025AE24 | USD | 99.600 | 4.47% | 4.125% | 20 NOV 27 | 7 OCT 26 | 0.0 | 1.07 | 1,250 | Not documented | Included in fit |
| CHINA 3.5 28 | XS1891574441 | USD | 98.100 | 4.49% | 3.5% | 19 OCT 28 | 7 OCT 26 | -29.0 | 1.90 | 1,000 | Not documented | Included in fit |
| CHINA 3.625 28 | USY5325QAH57 | USD | 98.300 | 4.47% | 3.625% | 13 NOV 28 | 7 OCT 26 | -31.0 | 1.97 | 2,000 | Not documented | Included in fit |
| CHINA 2.125 29 | XS2084425110 | USD | 93.170 | 4.47% | 2.125% | 3 DEC 29 | 7 OCT 26 | -41.0 | 2.97 | 2,000 | Not documented | Included in fit |
| CHINA 1.2 30 | USY15025AC67 | USD | 87.246 | 4.71% | 1.2% | 21 OCT 30 | 7 OCT 26 | -25.0 | 3.83 | 2,000 | Not documented | Included in fit |
| CHINA 3.75 30 | USY5325QAJ14 | USD | 96.460 | 4.70% | 3.75% | 13 NOV 30 | 7 OCT 26 | -25.0 | 3.69 | 2,000 | Not documented | Included in fit |
| CHINA 1.75 31 | USY5325QAF91 | USD | 86.925 | 4.68% | 1.75% | 26 OCT 31 | 7 OCT 26 | -35.0 | 4.69 | 1,000 | Not documented | Included in fit |
Next scheduled payments
- 19 OCT 26 · coupon · CHINA 3.5 28 · USD 17.5 million
- 21 OCT 26 · coupon · CHINA 1.2 30 · USD 12 million
- 26 OCT 26 · coupon · CHINA 1.75 31 · USD 8.8 million
- 2 NOV 26 · coupon · CHINA 2.625 27 · USD 13.1 million
- 13 NOV 26 · coupon · CHINA 3.625 28 · USD 36.3 million
- 13 NOV 26 · coupon · CHINA 3.75 30 · USD 37.5 million
Scheduled principal by year
Scheduled principal repayments for the listed bonds.
| Year | Principal |
|---|---|
| 2027 | USD 2,250 million |
| 2028 | USD 3,000 million |
| 2029 | USD 2,000 million |
| 2030 | USD 4,000 million |
| 2031 | USD 1,000 million |
Credit ratings & history
Credit ratings
- Ministry of Finance of the People's Republic of China · Fitch · Long-term issuer · Global
Rating: A · Recorded 25 MAY 26 · Rating source
Outlook: Stable · Recorded 25 MAY 26 · Outlook source - Ministry of Finance of the People's Republic of China · Moody’s · Long-term issuer · Global
Rating: A1 · Recorded 25 MAY 26 · Rating source
Outlook: Negative · Recorded 25 MAY 26 · Outlook source - Ministry of Finance of the People's Republic of China · S&P · Long-term issuer · Global
Rating: A+ · Recorded 25 MAY 26 · Rating source
Outlook: Stable · Recorded 25 MAY 26 · Outlook source
Rating & credit history
No credit history available.
History may be incomplete. “Recorded” dates indicate when we saved the rating.