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Shenzhen Expressway to Sell Up to 2 Billion Yuan of Extendable Bonds
Shenzhen Expressway Corporation (00548.HK) plans to issue perpetual CSI Enterprise bonds not exceeding 2 billion yuan.
Shenzhen Expressway Corporation (00548.HK) announced plans to publicly issue the second phase of a renewable CSI Enterprise bond Index in the Chinese market, with a scale not exceeding 2 billion yuan, from May 12 to May 13, 2025, targeting professional investors.
SHENZHENEXPRESS (00548.HK) intends to issue up to 2 billion yuan of perpetual CSI Enterprise bond Index.
On May 8, Gelonghui reported that SHENZHENEXPRESS (00548.HK) announced that the Board of Directors plans to conduct a rate inquiry in the form of book building for offline professional investors on May 9, 2025, and determine the final coupon rate of this bond based on the results of the rate inquiry book. The public offering of bonds, which will not exceed 2 billion yuan in the Chinese market, will be made to professional investors between May 12, 2025, and May 13, 2025, concerning the issuance of 2025 perpetual company bonds (Phase II) ('Phase II perpetual company bonds') in accordance with relevant laws and regulations and the above-mentioned approval.
Shenzhen Expressway Corporation (600548): The private placement was successfully completed and performance is expected to grow steadily in Q1 2025.
Event: On April 29, 2025, Shenzhen Expressway Corporation released its Q1 2025 report: 2025 Q1 achieved revenue of 1.772 billion yuan, down 13.06% year-on-year; recorded a net income of 0.478 billion yuan, year-on-year.
Shenzhen Express: Report for the first quarter of 2025
2025 First Quarter Report