China Railway Construction to Distribute Interest on July 27 for Two 2024 Bond Series

Stock News07-09

China Railway Construction Corporation Limited (CHINA RAIL CONS) (ASX: 01186) has announced an upcoming interest payment for its 2024 bond issuance. The company's 2024 Science and Technology Innovation Corporate Bonds (Series 1), designated as "24 Tiejian K1" and "24 Tiejian K2", are scheduled to pay interest on July 27, 2026.

The coupon rate for the first bond series is set at 2.49% per annum. For each bond with a face value of 1,000 yuan, the interest payment will be 24.90 yuan, which is subject to tax.

For the second bond series, the annual coupon rate is slightly higher at 2.57%. Consequently, the interest payment for each 1,000-yuan bond in this series will amount to 25.70 yuan, also before tax deductions.

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