Core Points - Zhejiang Zhongtuo announced the approval of a 2.25 billion yuan ultra-short-term financing bond by the China Interbank Market Dealers Association [1] - The company has completed the issuance of the 10th phase of ultra-short-term financing bonds for 2025, named "25 Zhongtuo SCP010" with a code of "012582765" [1] - The bond has a term of 263 days, with an interest start date of November 17, 2025, and a maturity date of August 7, 2026 [1] - The planned and actual issuance amount is 500 million yuan, with an issuance interest rate of 1.88% [1] - There were 13 compliant subscription cases totaling 950 million yuan, with 9 effective subscriptions amounting to 570 million yuan [1] - The book manager and lead underwriter for this issuance is Nanjing Bank [1]