YUEXIU PROPERTY(HK:00123) Zhi Tong Cai Jing·2025-09-09 08:46Core Viewpoint - Yuexiu Property (00123) announced the issuance of corporate bonds totaling up to RMB 9.6 billion, with the first phase of RMB 1.4 billion set to be completed by August 19, 2025 [1] Group 1 - The indirect subsidiary Guangzhou Urban Construction Development Co., Ltd., in which the company holds a 95% stake, is applying for registration with the China Securities Regulatory Commission and the Shanghai Stock Exchange for the bond issuance [1] - The second phase of corporate bonds (2025 Second Phase Bonds) will have a maximum issuance scale of RMB 1.5 billion, divided into two varieties: a five-year fixed-rate bond and a seven-year fixed-rate bond [2] - The five-year bond allows the issuer to adjust the interest rate at the end of the third year, while the seven-year bond allows for adjustment at the end of the fifth year [2] Group 2 - The issuer has the right to redeem all outstanding amounts of both bond varieties at the respective adjustment points, and bondholders have the right to sell back all or part of their bonds [2] - The 2025 Second Phase Bonds have been rated "AAA" by China Chengxin International Credit Rating Co., Ltd. [2]