ZPUG(SZ:000685) Zheng Quan Zhi Xing·2025-08-29 18:14Core Viewpoint - Zhongshan Public Utility Group Co., Ltd. has successfully issued its third phase of ultra-short-term financing bonds for 2025, with a total issuance amount of 500 million RMB at an interest rate of 1.75% [2][3]. Group 1: Financing Details - The company has received approval to register ultra-short-term financing bonds with a total amount of up to 2 billion RMB, valid for two years from the date of the notice [2]. - The third phase of ultra-short-term financing bonds was issued with a term of 245 days, starting from August 28, 2025, and maturing on April 30, 2026 [2]. - The total planned issuance was 500 million RMB, which was fully achieved, with a subscription amount of 1.99 billion RMB from 14 compliant applicants [2]. Group 2: Subscription Information - The highest subscription rate was 2.20%, while the lowest was 1.62%, with 7 effective applicants contributing a total of 630 million RMB [2]. - The lead underwriter for this issuance was China Merchants Bank Co., Ltd., with CITIC Bank Co., Ltd. acting as the co-lead underwriter [2].