Key Points - The issuer has received approval from the China Securities Regulatory Commission for a public bond issuance of up to 10 billion RMB, with a total issuance amount of 1.5 billion RMB for this specific bond [3][4] - The bond has a term of 3 years and a fixed interest rate of 1.92%, with a face value of 100 RMB per bond and a maximum issuance of 50 million bonds [3][4] - The bond is a continuation of the previously issued technology innovation corporate bonds aimed at professional investors [3][4][10] - The issuer's net assets as of March 2025 were approximately 9.02 billion RMB, with a consolidated debt-to-asset ratio of 43.45% [4][5] - The average distributable profit over the last three years was approximately 564.99 million RMB, which is expected to cover at least one year's interest for the bond [4][5] - The bond will be traded on the Shenzhen Stock Exchange, and only professional institutional investors are allowed to participate in the subscription and trading [4][5][6] - The final issuance price will be determined through a book-building process on August 4, 2025, with a subscription period starting on August 5, 2025 [6][18] - The bond issuance is subject to appropriate investor management, and individual investors are prohibited from participating in the subscription [4][5][6] - The bond will be issued in accordance with the regulations set forth by the Shenzhen Stock Exchange, and the issuer cannot guarantee that the bond will be listed if there are significant changes in financial conditions [5][6]
招商公路: 招商局公路网络科技控股股份有限公司2025年面向专业投资者公开发行科技创新公司债券（第一期）（续发行）发行公告