ANHUI EXPRESSWAY (00995) Rural revitalization company bond issuance scale for the first phase in 2025 determined. Type one has a face interest rate of 1.99% and type two has a face interest rate of 2.15%.
27/02/2025
GMT Eight
ANHUIEXPRESSWAY (00995) announces that ANHUIEXPRESSWAY Co., Ltd. ("the Issuer") has obtained the registration approval for the issuance of corporate bonds not exceeding 5 billion yuan from the China Securities Regulatory Commission (CSRC) [2024] No. 1496 document. ANHUIEXPRESSWAY Co., Ltd. will publicly issue the "Rural Revitalization Corporate Bonds (Phase 1)" for professional investors in 2025, with an issuance size of up to 20 billion yuan (including 20 billion yuan).
On February 27, 2025, the Issuer and lead underwriters conducted inquiries on the coupon rates with professional institutional investors through private placements. The inquiry range for Type 1 was 1.40%-2.40% and for Type 2 was 1.50%-2.50%. Based on the results of the inquiries to professional institutional investors, after consultation between the Issuer and lead underwriters, the final issuance size for Type 1 bonds was set at 13 billion yuan with a term of 3 years and a coupon rate of 1.99%; and for Type 2 bonds was set at 7 billion yuan with a term of 5 years and a coupon rate of 2.15%.
The Issuer will conduct private placements of the bonds to professional institutional investors at the above coupon rates from February 28, 2025 to March 3, 2025.