Core Viewpoint - The successful issuance of China Gezhouba Group Co., Ltd.'s technology innovation perpetual bonds marks a significant step in supporting the Western Development strategy, with the bonds achieving historically low interest rates for central enterprises in the central region [2]. Group 1: Bond Issuance Details - The bond issuance consists of two varieties: the first with a term of 3+N years, a scale of 1 billion yuan, and a coupon rate of 1.93%, achieving a subscription multiple of 4.80 times [2]. - The second variety has a term of 5+N years, a scale of 2 billion yuan, and a coupon rate of 2.05%, with a subscription multiple of 2.71 times [2]. - This issuance is noted as the first in the market to support the Western Development initiative with technology innovation perpetual bonds [2]. Group 2: Company Background and Strategy - As a central enterprise directly under the State-owned Assets Supervision and Administration Commission, China Gezhouba Group has integrated deeply into national strategies such as the New Era Western Development [2]. - The company focuses on six major sectors: engineering construction, comprehensive transportation, ecological environment protection, cement and building materials, clean energy, and new materials and equipment [2]. - The bond issuance reflects the company's commitment to leveraging its strengths in water conservancy and hydropower engineering to participate in major national projects and promote economic and social development [2]. Group 3: Future Outlook - With the continued development of the western region, China Gezhouba Group aims to support the economic and social development of the area [2]. - Shenwan Hongyuan Securities will deepen its collaboration with China Gezhouba Group, focusing on serving national strategies and the real economy [2].
快讯 | 申万宏源证券助力中国葛洲坝集团发行30亿元科技创新可续期公司债