Summary by Moomoo AI
China Overseas Development Corporation Limited (“China Overseas”) announces that its wholly-owned subsidiary China Sea Enterprise Development Group Limited has successfully issued the first tranche of corporate bonds to professional investors on April 23-24, 2024, in the amount of RMB 30 billion. The bond is divided into 3-year and 5-year varieties, where the 5-year fixed rate bond (code: 148714) is issued at $30 billion with a bill rate of 2.68% and a subscription multiple of 2.1 times. The results of the release show that the principal underwriters and their affiliates collectively participated in the $5.3 million subscription and confirmed that investors met the relevant regulatory requirements. China Overseas Chairman and Executive Director Yan Jianguo issued this announcement on 24 April 2024 on behalf of the Company.