China Railway (00390) plans to issue up to 3 billion yuan of technology innovation corporate bonds.

China Railway (00390) announced that China Railway Corporation Limited will publicly issue technology innovation corporate bonds (second tranche) targeted at professional investors in 2026 as the 7th tranche under the registration document. The issuance size of this bond is not more than 3 billion yuan (including 3 billion yuan). Each bond has a face value of 100 yuan, and the issue price is 100 yuan per bond. The term of this bond is 3 years. The coupon rate range of this bond is 1.30%-2.30%. The abbreviated name of this bond is "26 Ironworks K2" and the bond code is "245104.SH".