According to the Zhitong Finance App, China Railway (00390) announced that in 2024, the company will publicly issue science and technology innovation company bonds (the first issue) (hereinafter referred to as “current bonds”) to professional investors on an issuance scale of no more than 3 billion yuan (including 3 billion yuan). The issuance amount of the current bond is no more than 3 billion yuan (including 3 billion yuan), of which the term for type 1 is 5 years; the term for type 2 is 10 years. A refund selection mechanism between types has been set up, and the rebate ratio is not limited. The face value of this issue of the bonds is 100 yuan, and they are issued at parity at face value.
The current bond type 1 coupon interest rate bookkeeping range is 2.00% to 2.80%, and the current bond type 2 coupon interest bookkeeping filing range is 2.10% to 3.10%. The final coupon interest rate is determined by negotiations between the issuer and bookkeeping manager based on offline inquiries from institutional investors among professional investors.