China Railway Construction (01186) has issued an announcement stating that China Railway Construction Corporation Limited (hereinafter referred to as "the Company") completed the issuance of its 2021 publicly offered renewable corporate bonds (Second Tranche) (Type II) for professional investors on November 23, 2021 (hereinafter referred to as "the Current Bonds").
According to the Prospectus for China Railway Construction Corporation Limited's 2021 Publicly Offered Renewable Corporate Bonds (Second Tranche) for Professional Investors, the Current Bonds have a cycle of every 5 interest-bearing years (the "Repricing Cycle"), with the issuer's renewal option attached at the end of each 5 interest-bearing years (i.e., each Repricing Cycle). The Company has decided not to exercise the renewal option, meaning the Current Bonds will be fully redeemed. The relevant matters are announced as follows:
Bond name: China Railway Construction Corporation Limited's 2021 Publicly Offered Renewable Corporate Bonds (Second Tranche) (Type II) for professional investors.
Bond abbreviation and code: The bond abbreviation is "21 CRCC Y4", and the code is "185038.SH".
Total issuance amount: RMB 1 billion.
The interest payment date for the first cycle of the Current Bonds is November 23 of each year from 2022 to 2026 (in case of statutory holidays or rest days, it shall be postponed to the first trading day thereafter, and no additional interest shall be accrued on the interest payment during the postponement period).
The coupon rate for the first cycle is 3.64%.