Core Viewpoint - Beijing Shougang Co., Ltd. has been approved to issue green technology innovation corporate bonds with a total face value of up to RMB 10 billion, with a specific issuance of RMB 5 billion for the first phase [1][2]. Group 1: Issuance Details - The total issuance of corporate bonds is capped at RMB 10 billion, with a maximum of RMB 8 billion for long-term bonds and RMB 2 billion for short-term bonds [1]. - The first phase of the bond issuance is set at RMB 5 billion, divided into two varieties: one with a maturity of 3 years and the other with a maturity of 5 years [1]. - The bonds will be issued at a price of RMB 100 each, utilizing a method of offline inquiry and allocation to professional institutional investors [1][2]. Group 2: Subscription and Demand - The issuance period for the bonds is from July 1, 2025, to July 2, 2025, with the final issuance scale for the second variety being RMB 5 billion and a coupon rate of 1.92% [2]. - The subscription rate for the bonds was 3.14 times, indicating strong demand from investors [2]. - Major underwriters, including Everbright Securities and Guotai Junan Securities, participated in the subscription, with total subscriptions from underwriters amounting to RMB 3.2 billion [2].

Core Points - Beijing Shougang Co., Ltd. has been approved to publicly issue green technology innovation corporate bonds for professional investors, with a total face value not exceeding RMB 10 billion [2] - The bond issuance includes a total of 80 billion RMB for bonds with a maturity of more than one year and 20 billion RMB for short-term bonds [2] - The first phase of the bond issuance consists of two varieties, with one having a maturity of 3 years and the other 5 years, with a total issuance scale not exceeding RMB 10 billion [2] Summary by Sections - The company will issue bonds with a coupon rate inquiry range of 1.35%-2.35% for the first variety and a final coupon rate of 1.92% for the second variety [2] - The issuance is scheduled for July 1 to July 2, 2025, targeting professional institutional investors [3] - Detailed subscription methods will be published on the Shenzhen Stock Exchange and other platforms prior to the issuance [3]