Core Viewpoint - Zhejiang Merchants Zhongtuo Group Co., Ltd. has successfully issued its sixth phase of ultra-short-term financing bonds for 2025, with a total issuance amount of 500 million yuan at an interest rate of 1.98% [1][1][1] Group 1: Issuance Details - The company received approval from the China Interbank Market Dealers Association to register and issue ultra-short-term financing bonds totaling up to 5 billion yuan, with a registered amount of 2.25 billion yuan valid for two years from the acceptance notice date [1][1][1] - The sixth phase of ultra-short-term financing bonds has a term of 165 days, with the interest starting on June 20, 2025, and maturing on December 5, 2025 [1][1][1] - The actual issuance amount matches the planned issuance amount of 500 million yuan, with a bond price of 100.00 yuan per 100 yuan face value [1][1][1] Group 2: Subscription Information - A total of 12 compliant subscription applications were received, amounting to 670 million yuan, with the highest subscription price at 1.99% and the lowest at 1.75% [1][1][1] - There were 11 effective subscription applications totaling 620 million yuan [1][1][1] - The book manager and lead underwriter for this issuance is Shanghai Pudong Development Bank Co., Ltd., with Bohai Bank Co., Ltd. as the co-lead underwriter [1][1][1]