Core Points - The company has successfully issued the second phase of its ultra-short-term financing bonds for 2025, with a total issuance amount of 500 million yuan [1] - The bond, named "25城发环境SCP002," has a term of 270 days, with an interest rate of 1.81% [1] - The funds raised from this bond issuance have already been received as of a certain date in 2025 [1] Financial Details - The registered amount for the ultra-short-term financing bonds is several billion yuan, valid for three years [1] - The issuance date is September 23, 2025, and the maturity date is June 20, 2026 [1] - The book manager and lead underwriter for this bond are Shanghai Pudong Development Bank, with CITIC Bank as the co-lead underwriter [1]