CHINA RAIL CONS to Issue Up to RMB 3 Billion Corporate Bonds

Stock News05-20 22:48

CHINA RAIL CONS has announced plans to issue the first tranche of its 2026 Science and Technology Innovation Corporate Bonds targeting professional investors, with a total size not exceeding RMB 3 billion. This bond issuance is structured in two series: Series 1 has a term of 15 years, while Series 2 has a term of 20 years. The coupon rate for Series 1 is set within a range of 1.90% to 2.90%, and for Series 2, it ranges from 2.00% to 3.00%. The net proceeds from this bond offering, after deducting issuance expenses, will be allocated entirely for productive expenditures. These include purposes such as debt repayment and supplementing working capital, in compliance with all applicable legal and regulatory requirements.

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