Group 1 - The company, Huatai Securities, announced the issuance of a short-term corporate bond (the sixth phase) aimed at professional investors, with a maturity of 7 months (212 days) [1] - The final coupon rate for this bond issuance was determined to be 1.63% based on the results of inquiries from professional institutional investors and negotiations between the issuer and the lead underwriter [1]

格隆汇8月1日｜牧原股份公告，公司于近日收到中国证券监督管理委员会于2025年7月25日出具的《关 于同意牧原食品股份有限公司向专业投资者公开发行公司债券注册的批复》，证监会同意公司向专业投 资者公开发行面值总额不超过50亿元公司债券的注册申请。批复自同意注册之日起24个月内有效，公司 在注册有效期内可以分期发行公司债券。 ...

国信证券股份有限公司 2025 年面向专业投资者公开发行公司债券（第五期）募集说明书 声明 发行人将及时、公平地履行信息披露义务，发行人及其全体董事、监事、高 级管理人员或履行同等职责的人员保证募集说明书信息披露的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏。 主承销商已对募集说明书进行了核查，确认不存在虚假记载、误导性陈述和 重大遗漏，并对其真实性、准确性和完整性承担相应的法律责任。 发行人承诺在本期债券发行环节，不直接或者间接认购自己发行的债券。债 券发行的利率或者价格应当以询价、协议定价等方式确定，发行人不会操纵发行 定价、暗箱操作，不以代持、信托等方式谋取不正当利益或向其他相关利益主体 输送利益，不直接或通过其他利益相关方向参与认购的投资者提供财务资助、变 相返费，不会出于利益交换的目的通过关联金融机构相互持有彼此发行的债券， 不实施其他违反公平竞争、破坏市场秩序等行为。 发行人如有董事、监事、高级管理人员、持股比例超过 5%的股东及其他关 联方参与本期债券认购，发行人将在发行结果公告中就相关认购情况进行披露。 中国证券监督管理委员会、深圳证券交易所对债券发行的注册或审核，不代 表对债券的 ...

国信证券股份有限公司 （第五期） 发行公告 发行人 牵头主承销商、债券受托管理人 住所：北京市丰台区西营街 8 号院 1 号楼 7 至 18 层 101 联席主承销商 住所：深圳市福田区福田街道福华一路 119 住所：广东省深圳市福田区福田街道金田路 号安信金融大厦 2026 号能源大厦南塔楼 10-19 层 住所：深圳市福田区福田街道益田路 5023 号 平安金融中心 B 座第 22-25 层 本公司及其董事、监事、高级管理人员保证公告内容真实、准确和完整，并对公告 中的虚假记载、误导性陈述或者重大遗漏承担责任。 重要事项提示 获得中国证券监督管理委员会证监许可[2024]1722 号文，可向专业投资者公开发行面值 总额不超过 200 亿元的公司债券（以下简称"本次债券"）。 发行人本次债券采取分期发行的方式，"国信证券股份有限公司 2025 年面向专业投 资者公开发行公司债券（第五期）"（以下简称"本期债券"）为本次债券项下第六期， 发行规模为不超过人民币 30 亿元（含 30 亿元），债券简称"25 国证 07"。 者及专业投资者中的个人投资者不得参与发行认购。本期债券上市后将被实施投资者适 当性管理， ...

Core Viewpoint - Guangzhou Development Group Co., Ltd. has made significant decisions regarding land storage, bond issuance, and property leasing, aiming to enhance its operational capacity and financial structure [1][2][8]. Group 1: Land Storage Decision - The board unanimously approved the decision to sign a compensation agreement for land acquisition related to the urban renewal project in the Luochongwei area, aligning with government planning [1][2]. Group 2: Bond Issuance - The board confirmed that the company meets the conditions for issuing corporate bonds and proposed to hold a temporary shareholders' meeting for approval [2][3]. - The bond issuance plan includes a total face value of up to 10 billion RMB, with a maturity of no more than 15 years, and the specific interest rate will be determined based on market conditions [2][5]. - The funds raised will be used for daily operations and industrial development, including capital injection into subsidiaries and debt repayment [6][7]. Group 3: Property Leasing - The board approved a property leasing agreement between a wholly-owned subsidiary and Guangzhou Industrial Investment Holding Group, with a rental period starting from August 1, 2025, and a total rental amount of 4.2854 million RMB [9][10]. Group 4: Other Financial Instruments - The board agreed to apply for the issuance of medium-term notes not exceeding 8 billion RMB and super short-term financing bills not exceeding 6 billion RMB, with specific terms to be determined based on market conditions [8][9].

股票简称：广州发展 股票代码：600098 公告编号：临 2025-048 号 企业债券简称：G17 发展 1 公司债券简称：21 穗发 01、21 穗发 02、22 穗发 01 企业债券代码：127616 公司债券代码：188103、188281、185829 广州发展集团股份有限公司 关于公开发行公司债券预案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完 整性承担法律责任。 广州发展集团股份有限公司（以下简称"公司"）于 2025 年 7 月 30 日召开了公司第九届董事会第十六次会议，审议通 过了公司拟公开发行公司债券相关事项。为实现公司产业规 模的有序扩张、拓宽融资渠道、进一步改善公司债务结构， 根据《公司法》、《证券法》、《公司债券发行与交易管 理办法》等有关法律、法规的规定，并结合目前债券市场 和公司的资金需求情况，公司拟向中国证券监督管理委员 会申请注册发行不超过人民币 60 亿元（含 60 亿元）的公 司债券。 一、 关于公司符合发行公司债券条件的说明 根据《中华人民共和国公司法》、《中华人民共和国 证券法》、《公司债券 ...

Group 1 - The issuer, Beijing Enterprises Water Group, has received approval from the China Securities Regulatory Commission to publicly issue corporate bonds up to RMB 10 billion [1] - The current issuance is a follow-up to previously issued bonds, specifically the "Water YK02" bonds, with a total issuance scale of up to RMB 800 million [1] - The bonds have a base term of 5 years and an initial coupon rate of 2.42%, with the first interest period starting on May 8, 2025 [1] Group 2 - The pricing for the "Water YK02" bonds was set at RMB 100.67, following a book-building process conducted on July 24, 2025 [2] - The bonds will be issued to investors from July 25 to July 28, 2025 [2]

Core Viewpoint - Shanxi Securities Co., Ltd. is issuing a public bond of up to RMB 1 billion aimed at professional investors, with a credit rating of AAA, and no specific bond rating assigned [1][4][5]. Company Overview - The company has a net asset value of RMB 18.516 billion as of March 31, 2025, with a consolidated debt-to-asset ratio of 66.07% [4]. - The average net profit attributable to the parent company over the last three years is RMB 635 million [4]. Bond Issuance Details - The bond issuance is confirmed to be free from any false statements or omissions, with the main underwriters being Zhongde Securities and CITIC Securities [2]. - The bond will be issued without any guarantees and will be priced through methods such as inquiry, bidding, or agreement pricing [2][5]. Regulatory Compliance - The bond issuance is subject to the regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange, which do not evaluate the investment value or risks of the bonds [3]. - The issuer commits to fair information disclosure and compliance with legal obligations [2][3]. Financial Performance - The company reported net cash flows from operating activities of RMB 1.226 billion, RMB 926 million, and RMB 8.066 billion for the years 2022, 2023, and 2024 respectively [10]. - The company’s financial health is indicated by timely repayment of all debts, with no adverse impact expected from the recent increase in borrowings [12]. Market Position and Risks - The company faces competition from other financial institutions, including commercial banks and insurance companies, which may affect its market position [6]. - The securities industry is experiencing a shift towards scale, differentiation, and internationalization, which presents both opportunities and challenges for the company [6]. Business Segments - The company has a diversified business model, including brokerage, investment banking, asset management, and commodity trading, with significant revenue contributions from each segment [7][13]. - The company has a strong regional presence in Shanxi Province, which remains a key market for its brokerage and underwriting services [7]. Recent Developments - The company has undergone management changes, with new appointments in key positions, which are expected to enhance operational efficiency [15][16]. - The company has also changed its external auditor to Ernst & Young Huaming, which is anticipated to have no negative impact on its operations [17].

Core Viewpoint - Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. plans to issue corporate bonds not exceeding RMB 4 billion to adjust its debt structure, repay due debts, and supplement working capital [6][7][8]. Group 1: Shareholder Meeting Procedures - The shareholder meeting will be held in a hybrid format, combining on-site and online voting [2][3]. - Shareholders have the right to speak, inquire, and vote, but must register 15 minutes before the meeting [2][3]. - Voting will be conducted through a combination of on-site and online methods, with each share granting one vote [3][4]. Group 2: Bond Issuance Proposal - The company proposes to issue corporate bonds to meet funding needs for debt restructuring and working capital [6][7]. - The bond issuance is subject to approval from the China Securities Regulatory Commission (CSRC) and will be conducted in one or multiple phases [8][9]. - The bonds will have a maximum term of 7 years and will be issued at par value with a fixed interest rate determined through a book-building process [8][9]. Group 3: Financial and Legal Compliance - The company asserts that it meets the conditions for public bond issuance as stipulated by the Securities Law, including having a sound organizational structure and sufficient profit to cover interest payments [6][7]. - The funds raised will not be used for loss compensation or non-productive expenditures [6][7]. - Legal opinions will be provided by an appointed lawyer to ensure compliance with regulations [10][11].

Core Viewpoint - Changjiang Securities Co., Ltd. is set to issue corporate bonds aimed at professional investors, with a total issuance scale not exceeding RMB 15 billion, underlining the company's strategy to manage its financial obligations and enhance liquidity [3][11][13]. Group 1: Bond Issuance Details - The bond issuance is named "25 Changjiang 03" with a code of 524355, and it will be issued at a par value of RMB 100 per bond [3][11]. - The bond has a maturity of three years, with the interest payment scheduled annually [12][11]. - The final interest rate will be determined through a book-building process, with a pre-set range of 1.30% to 2.30% [15][21]. Group 2: Financial Metrics - The company's latest net asset value stands at RMB 1631.13 million, with an asset-liability ratio of 74.67% [3][11]. - The average distributable profit over the last three years is RMB 163.11 million, indicating stable profitability [3][11]. Group 3: Investor Participation - Only professional institutional investors are eligible to participate in the bond subscription, with a minimum subscription amount of RMB 10 million [5][20]. - The bond will not be rated, and it is subject to investor suitability management, meaning individual investors cannot participate [3][4]. Group 4: Use of Proceeds - The funds raised from this bond issuance will be used primarily to repay maturing corporate bonds, reflecting the company's focus on managing its debt obligations [13][11]. Group 5: Underwriting and Management - The lead underwriter for this bond issuance is CITIC Securities Co., Ltd., with joint underwriters including CITIC Jiantou Securities Co., Ltd. and Huatai United Securities Co., Ltd. [14][9]. - The bond will be managed through a book-building system, ensuring a transparent and efficient allocation process [5][19].