Sinotrans Limited (00598) plans to issue innovative technology corporate bonds not exceeding 2 billion yuan.

Sinotrans Limited (00598) announced that the company will issue Sinotrans Limited Technology Innovation Corporate Bonds (Series 1) to professional investors on January 20th-21st, 2025. The total issuance amount will not exceed 2 billion yuan, and there will be no oversubscription. The term of the bonds will be 3 years, with a face value of 100 yuan per bond, issued at par value. The funds raised from this issuance will be used to repay maturing debts after deducting issuance expenses.