Yuexiu Property Announces 1.97% Coupon Rate for Series Two of Its 2026 Bond Issue

Stock News06-08

An announcement has been made by YUEXIU PROPERTY (00123) regarding a corporate bond issuance. The issuance, by Guangzhou City Construction Development Co., Ltd., has received regulatory approval from the China Securities Regulatory Commission under document number "ZJXK [2025] 1504" for a total registered face value not exceeding RMB 9.6 billion.

The second tranche of the 2026 corporate bonds to be publicly offered to professional investors, with a maximum issuance scale of RMB 1.9 billion inclusive, is divided into two series.

Series one carries a term of 3+2 years, while series two has a term of 5+2 years.

On June 8, 2026, the issuer and the lead underwriters conducted an offline inquiry with professional investors to determine the coupon rates. The indicative range for series one was set between 1.50% and 2.50%, and for series two between 1.80% and 2.80%.

Following the book-building process and after thorough deliberation between the issuer and lead underwriters, it was decided to cancel the issuance of series one. The final coupon rate for series two has been set at 1.97%.

The issuer will proceed with the offline offering of this bond series to professional investors from June 9 to June 10, 2026, at the determined coupon rate.

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