本期债券发行工作已于2025年9月25日结束，品种一(债券简称：25HPI5YK，代码：243873)实际发行规 模15亿元，最终票面利率为2.33%，认购倍数为2.59;品种二取消发行。 华能国际（600011）电力股份(00902)发布公告，华能国际电力股份有限公司2025年面向专业投资者公 开发行科技创新可续期公司债券(第四期)(以下简称"本期债券")拟发行不超过15亿元(含15亿元)，本期债 券分为两个品种，品种一基础期限为5年，以每5个计息年度为一个周期;品种二基础期限为10年，以每 10个计息年度为一个周期。 ...

Core Viewpoint - Anhui Construction (600502.SH) plans to issue up to 5 billion yuan in perpetual corporate bonds to optimize its capital structure, broaden financing channels, and reduce financing costs [1] Group 1: Bond Issuance Details - The bond will have a basic term of no more than 5 years and will be issued at par value of 100 yuan [1] - The funds raised will be used for adjusting the company's debt structure, repaying company debts, and supplementing working capital [1] - The issuance is subject to approval by the company's shareholders and must be reviewed by the Shanghai Stock Exchange and registered with the China Securities Regulatory Commission before implementation [1]

Core Viewpoint - Zhejiang Construction Investment Group Co., Ltd. has announced its decision not to exercise the extension option for its 2023 public offering of renewable corporate bonds, opting instead for full repayment at maturity [1][2]. Group 1: Bond Issuance Details - The company issued renewable corporate bonds on September 27, 2023, with a basic term of 2 years and a re-pricing cycle of every 2 years [1]. - The first interest period starts on September 27, 2023, and the maturity date is set for September 27, 2025, unless adjusted for public holidays [2]. Group 2: Extension Option - The issuer had the right to extend the bond term by one cycle (an additional 2 years) but has decided not to exercise this option, confirming full repayment at the end of the first interest period [1][2]. - The decision not to exercise the extension option means that the bonds will be fully redeemed on the maturity date of September 27, 2025 [2].

格隆汇8月15日丨安徽建工(600502.SH)公布，为进一步优化公司资产负债结构，拓宽融资渠道，降低融 资成本，结合目前债券市场和公司资金需求情况，公司拟注册发行可续期公司债券。本次可续期公司债 券的发行规模不超过人民币50亿元(含50亿元)。具体发行规模将根据公司资金需求情况和发行时的市场 情况，在上述范围内确定。 ...

安徽建工集团股份有限公司公告拟注册发行可续期公司债券。公司认为自身符合发行条件。发行规模不 超50亿元，公开发行，可一次或分期。基础期限不超5年，发行人有续期选择权。债券面值100元，平价 发行，采用固定利率、单利按年计息。募集资金用于调整债务结构、偿债及补充流动资金等，无担保， 拟申请在上海证券交易所上市。 ...

Core Viewpoint - The announcement details the interest payment for the second phase of the perpetual corporate bonds issued by Hebei Iron and Steel Co., Ltd., scheduled for June 27, 2025, with a coupon rate of 2.46% [1][2]. Group 1: Bond Issuance Details - The bond, referred to as "24 Hebei Y1," has a maturity extension option of up to 3 years or can be fully redeemed at the end of the current cycle [1]. - The interest payment period is from June 27, 2024, to June 26, 2025, with the interest amount calculated based on the total face value held by the investor and the coupon rate [1][2]. - The issuer's credit rating is AAA, and the bond's rating is also AAA, with annual tracking by a credit rating agency [1]. Group 2: Interest Payment Methodology - The interest payment will be made through China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, which will distribute the funds to designated securities firms or other approved institutions [2][3]. - If the company fails to transfer the payment on time, it will be responsible for handling the payment process independently [3]. Group 3: Taxation Information - Individual bondholders are subject to a 20% personal income tax on the interest income, which will be withheld at the time of payment by the respective payment outlets [3][4]. - The tax exemption policy for foreign institutions investing in domestic bonds does not apply to interest income related to their local establishments [4].

Core Viewpoint - Zhuhai Port Co., Ltd. announced the resignation of its chairman, Chen Shaoxing, which is not expected to significantly impact the company's operations or debt repayment capacity [11][12]. Group 1: Bond Issuance Details - The company has applied for the registration of perpetual bonds totaling no more than 1.5 billion yuan, including various types of perpetual debt instruments [1]. - The bond issuance was approved by the China Securities Regulatory Commission on April 20, 2022, allowing for the issuance of up to 600 million yuan in perpetual corporate bonds [2]. - The actual issuance size was 600 million yuan with a coupon rate of 3.80% [2]. Group 2: Bond Terms and Conditions - The bond has a renewal option allowing the issuer to extend the term by one cycle (up to 3 years) at the end of the initial period [4]. - The initial coupon rate is determined based on a benchmark rate plus an initial spread, with subsequent rates adjusted based on market conditions [3]. - The issuer can defer interest payments without limit on the number of deferrals, provided they announce the deferral in advance [5]. Group 3: Management Changes - Chen Shaoxing, aged 50, resigned from his positions as chairman, director, and head of the strategic committee effective June 4, 2025, due to work adjustments [11]. - The company has not yet appointed a new chairman, but will disclose this information once determined [11]. Group 4: Impact on Debt Repayment Capacity - The resignation of Chen Shaoxing is not expected to lower the board's membership below the legal minimum and will not affect the company's normal operations or significantly impact its debt repayment ability [12].

Group 1 - China Railway's stock opened at 5.54 CNY and closed at 5.52 CNY, down 0.36% from the previous trading day's close of 5.54 CNY, with a total market capitalization of 136.575 billion CNY [1] - The company's Q1 financial report showed operating revenue of 248.564 billion CNY, net profit of 6.559 billion CNY, earnings per share of 0.78 CNY, and a gross profit of 14.419 billion CNY, with a price-to-earnings ratio of 4.9 [1] - A total of 113 brokerages rated the stock as a buy, while 40 brokerages recommended holding [1] Group 2 - China Railway and its subsidiaries won a bid for the Baiyun District Dalangke project in Guangzhou for a total price of 1.81 billion CNY, with a premium rate of 0% [1] - The project includes three land parcels with a total area of 160,256 square meters and a total construction area of approximately 340,000 square meters [2] - The project requires the construction of 212,000 square meters of shared ownership housing, with the government holding 45% [2] Group 3 - China Railway issued 3 billion CNY in technology innovation bonds, with a coupon rate of 2.95% and a maturity of 3 years [3] - In Q1, the company signed new contracts worth 621.64 billion CNY, a decrease of 6.9% year-on-year [3] - The engineering construction segment, as the main revenue source, accounted for 470.12 billion CNY of the new contracts, down 7.1% year-on-year [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 香港，二零二五年四月三十日 於本公告日期，本公司董事會由七名執行董事包括熊斌先生(主席)、周敏先生(行政總裁)、李海 楓先生、沙寧女士、張文江先生、董渙樟先生及李力先生，一名非執行董事袁建偉先生，以及 五名獨立非執行董事包括佘俊樂先生、郭銳先生、周安達源先生、戴曉虎先生及陳肇始女士組 成。 謹此提述本公司日期為二零二四年八月十九日就有關中國證券監督管理委員會批准本公 司全資附屬公司北控水務(中國)投資有限公司(「發行人」)公開發行面值總額不超過人 民幣50億元的可續期公司債券的公告、日期為二零二四年八月二十二日就發行第一期可 續期公司債券人民幣10億元的公告及日期為二零二四年十二月五日就發行第二期可續期 公司債券人民幣15億元的公告(「該等公告」) 。該等債券仍在上交所上市。除另有界定 者外，本公告所用詞彙與該等公告所界定者具相同涵義。 發行人已在上交所網站(www.sse.com.cn)上載以下有關可 ...

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。 重要内容提示： 五矿发展股份有限公司（以下简称"公司"或"发行人"）2023年面向专业投资者公开发行可续期公司债券 （第二期）（品种一）（以下简称"本期债券"），将于2025年5月6日开始支付自2024年5月4日至2025年 5月3日期间的最后一个年度利息和本期债券本金。为保证还本付息工作的顺利进行，现将有关事宜公告 如下： 一、本期债券的基本情况 （一）债券名称：五矿发展股份有限公司2023年面向专业投资者公开发行可续期公司债券（第二期） （品种一） （六）债券期限：本期债券基础期限为2年，以每2个计息年度为一个周期（"重新定价周期"），在每个 重新定价周期末，发行人有权选择将本期债券期限延长1个周期（即延长2年），或选择在该重新定价周 期末全额兑付本品种债券。 （七）票面利率：本期债券采用固定利率形式，单利按年计息，不计复利。如有递延，则每笔递延利息 在递延期间按当期票面利率累计计息。 首个周期的票面利率在基础期限内固定不变，其后每个续期周期重置一次。首个周期的票面利率为初始 ...