Shang Hai Zheng Quan Bao·2025-09-16 01:36Group 1 - The issuer of the bonds is China National Railway Group Co., Ltd. [4] - The bonds being issued are the "2025 Third Phase China Railway Construction Bonds (30-year) (Second Reissue)" with a total issuance scale of 5 billion yuan [7][41] - The lead underwriter for this bond issuance is CITIC Securities Co., Ltd. [9] Group 2 - The bidding for the bonds will take place on September 17, 2025, with the issuance price determined through a single price (Dutch-style) bidding method [22][23] - The bidding amount for this bond issuance is set at 5 billion yuan [17] - The results of the bidding will be announced on September 18, 2025 [25] Group 3 - The payment deadline for the raised funds from the bond issuance is set for September 18, 2025, at 12:00 PM Beijing time [26] - The bonds will be issued using a real-name bookkeeping method and will be listed on the interbank bond market and the Shanghai Stock Exchange [29] Group 4 - The bonds will be merged with existing bonds for trading three trading days after the bidding date [30] - The final interest rate and issuance price will be determined based on market bidding results and reported to relevant authorities [42][43]