CHINA OVERSEAS (00688) plans to issue company bonds not exceeding 4 billion yuan.

CHINA OVERSEAS (00688) announced that China Overseas Enterprise Development Group Co., Ltd. (hereinafter referred to as the "Issuer" or "Company") has obtained the "CSRC Permit [2025] No. 180" from the China Securities Regulatory Commission for a public offering of corporate bonds with a total face value of no more than 15 billion yuan (hereinafter referred to as "the Bonds") on January 24, 2025. The Issuer will issue the Bonds in multiple tranches. This issuance is divided into two varieties: Variety One is referred to as "26 Zhonghai 05" with bond code 524965; Variety Two is referred to as "26 Zhonghai 06" with bond code 524966. The total issuance scale is no more than 4 billion yuan (including 4 billion yuan), with a face value of 100 yuan per bond. The maximum number of bonds to be issued is no more than 40 million, and the issuance price is 100 yuan per bond. The term of the Bonds is divided into two varieties: Variety One is a 3-year fixed-rate variety, and Variety Two is a 5-year fixed-rate variety. There can be a mutual flip between the two varieties, with no restrictions on the flipping ratio. The decision to exercise the flipping rights between varieties will be jointly determined by the Issuer and the lead underwriter. The inquiry range for the coupon rate of Variety One is 1.30% to 2.30%; the inquiry range for the coupon rate of Variety Two is 1.50% to 2.50%.