Shanghai Urban Development Group (00563.HK) affiliate Shanghai Chengkai completed the issuance of 900 million yuan in medium-term notes.

Financial news from Zhitong, Shangshi Urban Development (00563.HK) announced that on May 27, 2025, the company's non-wholly owned subsidiary Shanghai City Construction (Group) Co., Ltd. (Shanghai City Construction) completed the issuance of the first tranche of medium-term notes for the year 2025 in the People's Republic of China, with a total principal amount of 900 million yuan, a term of three years, and a coupon rate of 1.99%. The proceeds will be used to repay Shanghai City Construction's first tranche of medium-term notes for the year 2022, with a coupon rate of 2.85%.