Core Viewpoint - New Metro Global Limited, a subsidiary of the company, successfully issued USD 160 million in unsecured fixed-rate bonds with a 2-year maturity and an annual interest rate of 11.88% [1] Group 1: Bond Issuance Details - The bond issuance was completed on October 2, with a total amount of USD 160 million [1] - The bonds have a maturity period of 2 years and pay interest semi-annually [1] - The bonds are rated B- by Standard & Poor's [1] Group 2: Use of Proceeds - The funds raised from the bond issuance will primarily be used to repay the company's overseas medium to long-term debts that are due within one year [1] Group 3: Guarantee and Listing - The company and its indirect controlling shareholder, New City Development, provide unconditional and irrevocable joint liability guarantees for the bonds [1] - The bonds were listed on the Singapore Stock Exchange on October 1 [1]

Core Insights - AB Artea bankas has successfully issued EUR 300 million in 4-year senior preferred fixed rate reset notes, indicating strong market confidence and demand from institutional investors [1][3][4] Group 1: Issuance Details - The annual fixed rate coupon on the notes will be 3.739% until the reset date, with settlement scheduled for 7 October 2025 [2] - The issue was oversubscribed 6 times during the book building process, reflecting exceptional demand from over 110 institutional investors across various countries [3] Group 2: Market Position and Future Plans - With this issuance, AB Artea bankas has become the largest corporate bonds issuer in Lithuania, showcasing the bank's growth potential and the stable economic outlook of the region [4] - Proceeds from the issuance will be used to meet minimum own funds and eligible liabilities (MREL) targets, strengthen liquidity, and support business growth [5] Group 3: Ratings and Management - The notes have been rated Baa1 with a stable outlook by Moody's, indicating a solid credit profile [5] - AB Artea bankas has appointed several joint lead managers for the note issue, including Commerzbank, Erste Group Bank, and Goldman Sachs [6]

Core Insights - In August, the bond market issued a total of 74,281.4 billion yuan in various types of bonds [1] Group 1: Bond Issuance Breakdown - Government bonds amounted to 13,277.6 billion yuan [1] - Local government bonds reached 9,776.4 billion yuan [1] - Financial bonds issued totaled 11,550.3 billion yuan [1] - Corporate credit bonds issued were 12,391.4 billion yuan [1] - Credit asset-backed securities issued were 212.2 billion yuan [1] - Interbank certificates of deposit issued totaled 26,956.5 billion yuan [1]

Core Viewpoint - The successful issuance of short-term corporate bonds by China Merchants Securities Co., Ltd. signifies strong market demand and solidifies the partnership with Shenwan Hongyuan, enhancing their bond market presence [2]. Summary by Sections Bond Issuance Details - The first bond type has an issuance scale of 3.8 billion yuan, a term of 212 days, and a coupon rate of 1.72%, with a subscription multiple of 2.55 times [2]. - The second bond type has an issuance scale of 2.2 billion yuan, a term of 359 days, and a coupon rate of 1.75%, with a subscription multiple of 3.61 times [2]. Company Profile - China Merchants Securities Co., Ltd. is a leading national comprehensive securities company with full licenses in the domestic securities market and an international business development platform [2]. - The company focuses on providing diverse and comprehensive financial products and services to individual, institutional, and corporate clients, as well as engaging in investment and trading activities [2]. Strategic Importance - The successful bond issuance lays a solid foundation for further deepening cooperation between China Merchants Securities and Shenwan Hongyuan, which is significant for the latter's ongoing commitment to the bond market [2].

Group 1 - The company, Shen Zhen Yi A, announced a plan to issue corporate bonds totaling no more than 1.5 billion RMB, including the full amount [2] - The bond issuance is targeted at professional investors [2] - The announcement was made on the evening of September 25 [2] Group 2 - The issuance of bonds is part of the company's strategy to raise funds [2] - The company aims to enhance its financial flexibility through this non-public offering [2] - The move reflects the company's ongoing efforts to optimize its capital structure [2]

Core Viewpoint - New City Development (01030) announced that its subsidiary, New City Global Limited, plans to issue guaranteed senior notes denominated in US dollars, backed by the company and New City Holdings (601155) [1] Group 1: Issuance Details - The issuer, the company, and New City Holdings have entered into a purchase agreement with several initial buyers for the issuance and sale of senior notes totaling $160 million, with a maturity date in 2027 and an interest rate of 11.88% [1] - The total proceeds from the note issuance are expected to be approximately $157 million [1] Group 2: Use of Proceeds - The net proceeds from the note issuance will be used to repay existing debts and for general corporate purposes [1]

Core Viewpoint - Huatai Securities (06886) has announced the issuance of corporate bonds aimed at professional investors, maintaining the same terms as existing bonds, with a total issuance scale of up to 6 billion yuan [1] Group 1: Bond Issuance Details - The sixth phase of corporate bonds (Type II) was completed on May 10, 2023, with a maturity period of 5 years from May 10, 2023, to May 10, 2028, and a coupon rate of 3.07% [1] - The issuance scale of the current bond is not to exceed 6 billion yuan, with a face value of 100 yuan per bond, and the issuance price determined through book-building [1] - The final issuance price for the current bond was set at 103.984 yuan after consultations between the issuer and the lead underwriter [1]

Core Viewpoint - China Galaxy Securities Co., Ltd. has received a no-objection letter from the Shanghai Stock Exchange regarding its non-public issuance of corporate bonds totaling up to 20 billion yuan [1] Group 1 - The company is authorized to issue corporate bonds not exceeding 20 billion yuan aimed at professional investors [1] - The no-objection letter confirms that the bond issuance meets the listing transfer conditions on the Shanghai Stock Exchange [1] - The validity of the no-objection letter is 12 months from the date of issuance, allowing the company to organize the bond issuance in installments within this period [1]

Core Viewpoint - Runjian Co., Ltd. plans to issue non-financial corporate debt financing instruments in the interbank bond market, with a total amount not exceeding 6 billion RMB [2]. Group 1 - The company will hold the 25th meeting of the fifth board of directors on September 17, 2025, to review the proposal for the bond issuance [2]. - The proposed issuance includes short-term financing bonds and medium-term notes [2]. - The matter requires approval from the company's shareholders' meeting [2].

Group 1 - The issuer of the bonds is China National Railway Group Co., Ltd. [3][22] - The total issuance amount for the bond series is 50 billion yuan for both the new and renewed bonds [17][39][50]. - The bonds are guaranteed by the Railway Construction Fund, providing an irrevocable joint liability guarantee [45][58]. Group 2 - The renewed bond, named "2025 Third Phase China Railway Construction Bond (30-year) (Second Renewal)," has a fixed interest rate of 2.40% [30][38]. - The new bond, named "2025 Eleventh Phase China Railway Construction Bond," will have its interest rate determined based on the Shibor benchmark plus a basic spread [50][51]. - The maturity date for the renewed bond is March 19, 2055, while the new bond matures on September 18, 2030 [34][55]. Group 3 - The bonds will be issued through a public offering to institutional investors via a bidding process [40][50]. - The bidding for both bonds will take place on September 17, 2025, with payment due by September 18, 2025 [42][53]. - The bonds will be registered and maintained by the Central National Debt Registration and Settlement Co., Ltd. [8][60]. Group 4 - The issuer's credit rating is assessed as AAA by China Chengxin International Credit Rating Co., Ltd. [100]. - The funds raised from the bond issuance will be used for debt structure adjustment, enhancing the issuer's sustainable development capacity [97][98]. - The issuer has a history of timely payment of principal and interest on previously issued bonds [96].