SHENZHENEXPRESS (00548) plans to issue a total of 1.5 billion yuan in medium-term notes.

SHENZHEN EXPRESS (00548) announced that the company plans to issue the first and second tranche of medium-term notes for the year 2025 on January 8, 2025. The first tranche of the medium-term notes will have a issuance size of 1 billion RMB with a term of 3 years. The funds raised will be used to repay the company's maturing debt financing instruments. The issuance will be targeted at institutional investors in the national interbank bond market (excluding those prohibited by national laws and regulations). It will be issued publicly at face value through bookbuilding and centralized distribution. The lead underwriters and bookrunners for this issuance are Bank Of China Limited and Ping An Bank Co., Ltd. The first tranche of the medium-term notes is scheduled to be completed on January 8, 2025, with payment due on January 9, and listing and trading on the interbank bond market on January 10, 2025. The second tranche of the medium-term notes will have an issuance size of 500 million RMB with a term of 3 years. The funds raised will also be used to repay the company's maturing debt financing instruments. The issuance will be targeted at institutional investors in the national interbank bond market (excluding those prohibited by national laws and regulations). It will be issued publicly at face value through bookbuilding and centralized distribution. The lead underwriter and bookrunner for this issuance is China Merchants Bank Co., Ltd. The second tranche of the medium-term notes is scheduled to be completed on January 8, 2025, with payment due on January 9, and listing and trading on the interbank bond market on January 10, 2025.