2026年第二期中国铁路建设债券发行办法

Group 1 - The issuer of the bonds is China National Railway Group Co., Ltd., which is the restructured entity of the former China Railway Corporation [1][37] - The total issuance scale of the bonds is 10 billion yuan, specifically the "2026 Second Phase China Railway Construction Bonds" [4][38] - The lead underwriter for this bond issuance is Guokai Securities [5][39] Group 2 - The bonds will be issued through a single-rate (Dutch-style) bidding method, with the final interest rate determined based on market results [11][39] - The bidding will take place on January 21, 2026, with the results announced on January 22, 2026 [16][19] - The bonds will have a maturity of 10 years, with a base interest rate range of 1.35% to 2.35% [38][39] Group 3 - The funds raised from the bond issuance must be deposited into a specified account by 12:00 PM on January 22, 2026 [20][21] - In case of default by the winning bidder, the issuer and lead underwriter have the right to dispose of the bonds and seek compensation for losses incurred [22] - The bonds will be managed under a real-name registration system and will be listed on both the Shenzhen Stock Exchange and the interbank bond market [23][39]