CONCH VENTURE (00586) issued 1.3 billion yuan of the first series of green medium-term notes due in 2025.

CONCH VENTURE (00586) announced that on January 13, 2025, the company publicly issued the 2025 first tranche of green medium-term notes (bond pass) in China, with a total principal amount of 1.3 billion yuan, with a term of five years and a coupon rate of 1.93%, with no guarantee. The main purpose of this issuance of the 2025 first tranche of green medium-term notes is to repay interest-bearing debts, pay for the construction and operation expenses of the company's projects, etc. The company (as the issuer) has received a AAA rating from Universal Credit Rating Co., Ltd.