Shandong Expressway completed the issuance of 1 billion yuan medium-term notes in the third period of 2025.

Shandong Expressway Co., Ltd. issued a notice on the issuance of the third tranche of medium-term notes for the year 2025. Approved by the shareholders' meeting on May 9, 2024, the company applied for the unified registration of non-financial corporate debt financing instruments. On September 24, the company completed the issuance of 1 billion yuan in medium-term notes for this period, and the funds were raised. The notes are abbreviated as "25 Shandong Expressway Co. MTN003", with the code 102584038, a term of 2+N years, an interest rate starting on September 24, and a maturity date of December 31, 2099, with an issuance interest rate of 2.06%. There were 20 compliant subscribers with a total amount of 37.8 billion yuan, and 11 effective subscribers with an amount of 14 billion yuan. The bookkeeper and lead underwriter is China Merchants Bank, and the co-lead underwriter is Bank of Beijing.