China Railway(00390): "25YK01" has a face value interest rate of 2.4%

China Railway (00390) announced that the company will publicly issue technology innovation renewable corporate bonds for professional investors in 2025 (first tranche) (hereinafter referred to as "this tranche of bonds"), which are divided into two types. Type one has a basic term of 5 years, with each 5-year interest calculation period as 1 cycle. At the end of each cycle, the issuer has the right to choose to extend the term of this type of bond by 1 cycle (i.e. 5 years), or choose to redeem the full amount of this type of bond at the end of the cycle; type two has a basic term of 10 years, with each 10-year interest calculation period as 1 cycle. At the end of each cycle, the issuer has the right to choose to extend the term of this type of bond by 1 cycle (i.e. 10 years), or choose to redeem the full amount of this type of bond at the end of the cycle. The total amount of this tranche of bonds issued does not exceed RMB 3 billion. The issuer and lead underwriter conducted a face value interest rate inquiry to professional institutional investors on March 7, 2025. Based on the results of the inquiry book to professional institutional investors, after full negotiation and careful consideration by the issuer and lead underwriter, it was finally determined that only type one of this tranche of bonds will be issued. The face value interest rate for type one (bond abbreviation: 25 Iron YK01, code: 242525.SH) is 2.40%. The issuer will conduct offline issuance to professional institutional investors at the above-mentioned face value interest rate from March 10, 2025, to March 11, 2025.