Core Viewpoint - The company has received approval to register and issue a short-term financing bond totaling up to RMB 4 billion, which will be managed by several major banks [1][2]. Group 1: Company Announcement - The company held board meetings on July 31, 2024, and August 16, 2024, to approve the proposal for the registration and issuance of short-term financing bonds [1]. - The registration amount for the short-term financing bond is set at RMB 4 billion, valid for two years from the date of the acceptance notice [1][2]. - The company will issue the bonds in phases during the registration period, based on its funding needs and market conditions [2]. Group 2: Underwriters - The underwriting for the bond issuance will be conducted by a consortium of banks, including Industrial Bank Co., Ltd., China Merchants Bank Co., Ltd., CITIC Bank Co., Ltd., and several others [1].

Core Viewpoint - Shanghai Electric Power Co., Ltd. issued its 10th ultra-short-term financing bond for the year 2025 on September 2, 2025, primarily to repay maturing bonds [1] Group 1 - The financing bond was issued through a book-building method and publicly offered in the national interbank bond market [1] - The company’s board of directors guarantees the truthfulness, accuracy, and completeness of the announcement [1] - The announcement was made on September 4, 2025, by the board of directors of Shanghai Electric Power Co., Ltd. [1]

Core Viewpoint - Zhongshan Public Utility Group Co., Ltd. has successfully issued its third phase of ultra-short-term financing bonds for 2025, with a total issuance amount of 500 million RMB at an interest rate of 1.75% [2][3]. Group 1: Financing Details - The company has received approval to register ultra-short-term financing bonds with a total amount of up to 2 billion RMB, valid for two years from the date of the notice [2]. - The third phase of ultra-short-term financing bonds was issued with a term of 245 days, starting from August 28, 2025, and maturing on April 30, 2026 [2]. - The total planned issuance was 500 million RMB, which was fully achieved, with a subscription amount of 1.99 billion RMB from 14 compliant applicants [2]. Group 2: Subscription Information - The highest subscription rate was 2.20%, while the lowest was 1.62%, with 7 effective applicants contributing a total of 630 million RMB [2]. - The lead underwriter for this issuance was China Merchants Bank Co., Ltd., with CITIC Bank Co., Ltd. acting as the co-lead underwriter [2].

Core Viewpoint - Jiangsu Ninghu Expressway Co., Ltd. has received a registration acceptance notice allowing it to issue up to RMB 4 billion in short-term financing bonds over the next two years, with the first issuance of RMB 1 billion scheduled for August 2025 at an interest rate of 1.52% [1][1][1] Group 1: Financing Details - The company received the registration acceptance notice from the China Interbank Market Dealers Association in December 2024 [1] - The first issuance of the 2025 short-term financing bond (code: 012581985) is set for a term of 163 days, starting from August 27, 2025, and maturing on February 6, 2026 [1][1] - The planned issuance amount is RMB 1 billion, which matches the actual issuance amount [1][1] Group 2: Subscription Information - There were 10 compliant subscription applications totaling RMB 1.52 billion, with 7 effective applications amounting to RMB 1.1 billion [1][1] - The highest subscription rate was 1.67%, while the lowest was 1.52% [1][1] - China Construction Bank acted as the book manager and lead underwriter, with Huaxia Bank as the co-lead underwriter [1][1]

Core Viewpoint - Jiangsu Ninghu Expressway (600377) has issued the seventh phase of ultra-short-term financing bonds for the year 2025, indicating a strategic move to raise funds in the market [1] Group 1 - The bond is referred to as "25 Ninghu Gao SCP007" with a maturity period of 163 days [1] - The total amount issued is 1 billion yuan, with an interest rate of 1.52% [1] - The issuance price is set at 100 yuan per 100 yuan face value [1]

Core Points - The company successfully issued the fifth phase of ultra-short-term financing bonds for the year 2025, with a total scale of 800 million RMB [1] - The bond has a maturity period of 270 days, with an interest rate set at 1.57% [1] - The funds raised have been transferred to the company's designated account on August 19, 2025 [1]

Core Viewpoint - The company has received a registration acceptance notice from the China Interbank Market Dealers Association for the issuance of short-term financing bonds totaling up to 2 billion RMB [2]. Group 1 - The company approved the application for the registration of short-term financing bonds at the board meeting on April 18, 2025, and at the annual shareholders' meeting on May 20, 2025 [1]. - The registered amount for the short-term financing bonds is set at 2 billion RMB, and the registration is valid for two years from the date of the notice [2]. - The company can issue the short-term financing bonds in installments during the registration validity period, with results disclosed through approved channels [2]. Group 2 - The lead underwriters for the bond issuance are Shanghai Pudong Development Bank Co., Ltd. and CITIC Bank Co., Ltd. [2]. - The company will comply with the regulations for the issuance of short-term financing bonds and fulfill its information disclosure obligations in a timely manner [2].

Core Viewpoint - Jiangsu Ninghu Expressway (600377) announced the issuance of its fifth phase of ultra-short-term financing bonds for 2025, totaling 590 million yuan with an interest rate of 1.49% and a maturity period of 156 days [1] Group 1 - The total amount of the issued bonds is 590 million yuan [1] - The interest rate for the financing bonds is set at 1.49% [1] - The maturity period for these bonds is 156 days [1]

Group 1 - The company has received approval to issue a total of up to RMB 60 billion in short-term financing bonds, with a registration validity of two years from October 29, 2024 [2] - The company held its annual shareholders' meeting on May 31, 2024, where the issuance of the short-term financing bonds was approved [2] - The company has previously issued several short-term financing bonds, with each issuance totaling RMB 5 billion, and all are yet to mature [3][4] Group 2 - The company successfully issued the seventh phase of its short-term financing bonds on August 7, 2025, raising RMB 5 billion, which was fully received by August 8, 2025 [6] - The funds raised from this issuance will be used to supplement working capital and repay bank loans [6]

Core Viewpoint - The company successfully issued its second phase of ultra-short-term financing bonds for 2025, with a total issuance amount of 500 million yuan at an interest rate of 1.69% [2][3]. Group 1: Financing Details - The company received approval to register ultra-short-term financing bonds with a total amount not exceeding 2 billion yuan [1]. - The actual issuance amount for the current phase is 500 million yuan, matching the planned issuance amount [2]. - The bonds have a term of 180 days, with the interest starting from August 8, 2025, and maturing on February 4, 2026 [2]. Group 2: Subscription Information - There were 20 compliant subscription applications, with a total subscription amount of 1.98 billion yuan [2]. - The highest subscription rate was 2.20%, while the lowest was 1.56% [2]. - A total of 8 effective subscription applications were recorded, amounting to 530 million yuan [2]. Group 3: Underwriting and Management - The lead underwriter for the bonds is China Merchants Bank Co., Ltd., with Industrial Bank Co., Ltd. serving as the co-lead underwriter [2]. - The company has been verified as not being a subject of credit dishonesty according to the "Credit China" website [2].