万科企业股份有限公司 2021 年面向专业投资者公开发行 住房租赁专项公司债券（第三期）（品种二） 2025 年付息公告 证券代码： 证券简称： 公告编号：〈万〉2025-106 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 重要提示： 债券简称：21 万科 06 债券代码：149568 债权登记日：2025 年 7 月 25 日 付息日：2025 年 7 月 28 日（2025 年 7 月 26 日为休息日，顺延至其后的第 计息期间：2024 年 7 月 26 日至 2025 年 7 月 25 日 万科企业股份有限公司 2021 年面向专业投资者公开发行住房租赁专项公司 债券（第三期）（品种二）将于 2025 年 7 月 28 日支付自 2024 年 7 月 26 日至 如下： 一、本期债券的基本情况 租赁专项公司债券（第三期）（品种二）（以下简称"本期债券"）。 择权和投资者回售选择权）。 券登记机构的有关规定统计债券持有人名单，本息支付方式及其他具体安排按照 债券登记机构的相关规定办理。 发行人有权决定在本期债券存续期的第 5 年末行使本期债券赎回选择权。 ...

Report Summary 1. Core Viewpoints - Among the bonds with discounted transactions, "24 Xintai 01" had a relatively large deviation in bond valuation price. Among the bonds with rising net prices, "24 Kunpeng Investment MTN004B" had a relatively large deviation in valuation price. Among the Tier 2 and perpetual bonds with rising net prices, "23 Tianjin Bank Tier 2 Capital Bond 01" had a relatively large deviation in valuation price. Among the commercial financial bonds with rising net prices, "23 Hangzhou Bank 01" had a relatively large deviation in valuation price. Among the bonds with a transaction yield higher than 10%, real estate bonds ranked high [2]. - The changes in credit bond valuation yields were mainly distributed in the (0,5] range. The transaction terms of non - financial credit bonds were mainly distributed between 4 and 5 years, with the 1 - 1.5 - year - term variety having the highest proportion of discounted transactions. The transaction terms of Tier 2 and perpetual bonds were mainly distributed between 4 and 5 years, with the varieties within 1 year and 2 - 3 years having the highest proportion of discounted transactions. By industry, real estate industry bonds had the largest average deviation in valuation price [2]. 2. Key Points from Related Tables 2.1 Discounted Transaction Tracking - Bonds such as "24 Xintai 01", "25 Wujian 01", and "25 Wuhu Investment Control MTN001" had discounted transactions, with their remaining terms ranging from 2.18 to 9.96 years, and the deviation in valuation price ranging from - 0.05% to - 0.24%. The industries involved included urban investment, comprehensive, and non - bank finance [4]. 2.2 Tracking of Bonds with Rising Net Prices - Bonds like "24 Kunpeng Investment MTN004B", "24 Zhonghua 08", and "24 Sichuan Energy Investment GN001" had rising net prices, with their remaining terms ranging from 0.88 to 29.29 years, and the deviation in valuation price ranging from 0.12% to 0.55%. The industries mainly included non - bank finance, comprehensive, and urban investment [5]. 2.3 Tier 2 and Perpetual Bond Transaction Tracking - "23 Tianjin Bank Tier 2 Capital Bond 01" had a relatively large deviation in valuation price among Tier 2 and perpetual bonds. Banks involved included city commercial banks, rural commercial banks, and state - owned banks, with transaction scales ranging from 4623 to 122511 million yuan [6]. 2.4 Commercial Financial Bond Transaction Tracking - "23 Hangzhou Bank 01" had a relatively large deviation in valuation price among commercial financial bonds. Banks included city commercial banks, joint - stock banks, and state - owned banks, with transaction scales ranging from 1010 to 44457 million yuan [7]. 2.5 Tracking of Bonds with a Transaction Yield Higher than 10% - Bonds such as "21 Vanke 06", "21 Vanke 04", and "22 Vanke 07" had a transaction yield higher than 10%, all belonging to the real estate industry, with transaction scales ranging from 488 to 1293 million yuan [8]. 2.6 Distribution of Credit Bond Transaction Valuation Deviations on the Day - The changes in credit bond valuation yields were mainly distributed in the (0,5] range [2]. 2.7 Distribution of Non - financial Credit Bond Transaction Terms on the Day - The transaction terms of non - financial credit bonds were mainly distributed between 4 and 5 years, and the 1 - 1.5 - year - term variety had the highest proportion of discounted transactions [2]. 2.8 Distribution of Tier 2 and Perpetual Bond Transaction Terms on the Day - The transaction terms of Tier 2 and perpetual bonds were mainly distributed between 4 and 5 years, and the varieties within 1 year and 2 - 3 years had the highest proportion of discounted transactions [2]. 2.9 Discounted Transaction Proportion and Transaction Scale of Non - financial Credit Bonds in Each Industry - The real estate industry had the largest average deviation in non - financial credit bond valuation price, and different industries had different transaction scales [2][18]