Core Points - Guangxi Xijiang Development Investment Group Co., Ltd. successfully issued 300 million yuan of non-public corporate bonds on the Shanghai Stock Exchange, with a term of 3+2 years and a coupon rate of 2.3% [1] - The issuance was oversubscribed by 2 times and the issuance price was 23 basis points lower than the valuation of Xijiang Group's bonds at the same time, setting a historical low for private bonds of the same level and term in Guangxi [1] - Xijiang Group, established in June 1999, has a registered capital of 5.706 billion yuan and a credit bond stock of 7.2 billion yuan, focusing on the investment and management of major transportation infrastructure [1] Company Overview - Xijiang is an important part of the Pearl River system, known as the "Golden Waterway," connecting Yunnan-Guizhou, traversing Guangxi, and linking Guangdong-Hong Kong-Macau [1] - The company is responsible for the investment and management of the Xijiang Golden Waterway's navigation and hydropower hubs, locks, and related waterways [1] - Xijiang Group's business scope includes ports, logistics, industrial trade, energy, construction development, locks, and finance [1] Recent Developments - In recent years, Xijiang Group has leveraged regional advantages to enhance the Western Land-Sea New Corridor and construct the Xijiang Golden Waterway, contributing to the development of a modern water transport logistics system in Guangxi [2] - The bond issuance reflects the comprehensive strength of Xijiang Group and is expected to enhance the company's brand image and support its future high-quality development [2]