申万宏源证券上海北京西路营业部·2025-12-26 02:28Group 1 - The core viewpoint of the article highlights the successful issuance of the 2025 fourth phase medium-term notes by Shanxi Coking Coal Group, with a scale of 1 billion yuan and a coupon rate of 2.16%, reflecting strong market confidence in the issuer's creditworthiness and development prospects [2] - Shanxi Coking Coal Group is recognized as the largest coking coal producer in China and a key supplier in the coking coal market, being one of the first 300 large enterprises prioritized for development by the state, and it has a stable issuer rating of AAA [2] - The successful issuance of the bonds is expected to deepen the cooperation between Shenwan Hongyuan and the issuer, enhancing the brand recognition and professional competitiveness of Shenwan Hongyuan in the bond business within Shanxi Province [3]