越秀地产(00123)附属拟发行不超7亿元公司债券

Core Viewpoint - The company, Yuexiu Property (00123), announced the issuance of the first phase of corporate bonds for 2026, with a total scale not exceeding RMB 700 million [1] Group 1: Bond Issuance Details - The first phase of corporate bonds will consist of two types: (i) a five-year fixed-rate bond (Type 1) with an option for the issuer to adjust the interest rate at the end of the third year, and (ii) a seven-year fixed-rate bond (Type 2) with an option for the issuer to adjust the interest rate at the end of the fifth year [1] - At the end of the third year, the issuer has the right to redeem all outstanding Type 1 bonds, and Type 1 bondholders have the right to sell back all or part of their bonds to the issuer [1] - Similarly, at the end of the fifth year, the issuer can redeem all outstanding Type 2 bonds, and Type 2 bondholders can sell back all or part of their bonds [1] Group 2: Use of Proceeds - The proceeds from the issuance of the 2026 first phase corporate bonds, after deducting issuance costs, will be used to repay maturing corporate bonds [1]