China Railway (00390) plans to issue corporate bonds not exceeding 2 billion yuan.

China Railway (00390) announced that China Railway Limited Company will publicly issue technology innovation corporate bonds (Fourth Issue) to professional investors in 2024, with a total issuance size not exceeding 20 billion yuan (including 20 billion yuan). The first type has a maturity of 5 years, and the second type has a maturity of 10 years, with a call back option between types and no limitation on the call back ratio. The face value of this bond is 100 yuan, and it will be issued at par value. The issuance will take place on September 25th and 26th, 2024. The funds raised from this bond issuance, after deducting issuance expenses, will be used to repay the company's interest-bearing debt.