Core Viewpoint - Yuexiu Property (00123) announced the issuance of its first phase corporate bonds for 2025, with a total issuance scale not exceeding RMB 1.4 billion [1] Group 1: Bond Issuance Details - The first phase corporate bonds will consist of two types: (i) a five-year fixed-rate corporate bond (Type 1 Bond) with an option for the issuer to adjust the interest rate at the end of the third year, and (ii) a ten-year fixed-rate corporate bond (Type 2 Bond) [1] - The issuer has the right to redeem all outstanding Type 1 Bonds at the end of the third year, and bondholders have the right to sell back all or part of the Type 1 Bonds to the issuer at that time [1] - The bond issuance will include an inter-type allocation option, allowing for flexible allocation between the two types of bonds based on subscription conditions, with no limit on the allocation ratio [1] Group 2: Use of Proceeds - The proceeds from the bond issuance, after deducting issuance costs, will be used to repay maturing or callable corporate bonds [1]

免责 声 明 本内容最终解释权归申万宏源证券有限公司所有。 青岛西海岸新区位于胶州湾西岸，区位条件、科技人才、海洋资源、产业基础、政策环 境等综合优势明显，具备推进陆海统筹、城乡一体、军民融合发展的独特条件，是经国务院 批复设立的全国第九个国家级新区，经济实力位居国家级新区第3为。青岛海发国有资本投资 运营集团有限公司是青岛市委、市政府批准成立的市直大型国有企业，是青岛市国有资本投 资运营公司改革重要试点平台，本期发行为其在投资、建设和运营城市基础设施、管理国有 资产等业务上引入了金融活水。本期债券的成功发行是我公司青岛分公司深耕区域的重要成 果，为公司进一步深化与发行人的合作关系奠定了坚实基础，也体现了我司以服务国家战略 为指引的经营导向。 未来，申万宏源将继续以服务国家战略、服务实体经济为主线，深耕重点地区和核心客 户，推动区域经济高质量发展，践行金融央企责任担当。 近日，申万宏源作为主承销商，助力青岛海发国有资本投资运营集团有限公司成功发行 2025年度第一期公司债券。本期债券发行规模10亿元，期限3年，票面利率2.40%，创发行 人公司债券历史最低利率。 ...