share_log

中國中鐵：中國中鐵股份有限公司2024年面向專業投資者公開發行科技創新可續期公司債券（第一期）募集說明書

CHINA RAILWAY: China Railway Corporation will publicly issue the first tranche of technology innovation sustainable corporate bonds (due 2024) to professional investors. Prospectus for subscription is available.

Hong Kong Stock Exchange ·  Jul 9 04:44
Summary by Moomoo AI
中國鐵建於2024年7月9日宣布，將公開發行專門面向專業投資者的公司債券。本次發行為2024年第一批次公司債，註冊總額為人民幣600億元，本批次發行額度不超過人民幣200億元（含20億）。該公司債券未提供增信措施，發行人及本次債券信用評級均為AAA級，評級機構為聯合信用評級有限公司。領銜主承銷商/簿記管理人/受託人位於廣東深圳，聯席主承銷商包括中信建投證券有限責任公司、國泰君安證券股份有限公司和招商證券股份有限公司。公司承諾將履行及時公平的信息披露義務。與發行人相關的重大事項包括高資產負債率和流動性風險、應收賬款集中度高、截至2023年底有52.86%的資產存在權利或使用限制、未來資本支出風險以及存貨跌價風險。本次債券發行相關的重大事項包括可續期公司債券、兩種基本期限分別為5年和10年、發行人有權在每個利息年度周期結束時延長債券期限或選擇全額贖回、發行人可延遲支付利息、投資者保護條款以及債券僅向專業機構投資者發行和交易。
中國鐵建於2024年7月9日宣布，將公開發行專門面向專業投資者的公司債券。本次發行為2024年第一批次公司債，註冊總額為人民幣600億元，本批次發行額度不超過人民幣200億元（含20億）。該公司債券未提供增信措施，發行人及本次債券信用評級均為AAA級，評級機構為聯合信用評級有限公司。領銜主承銷商/簿記管理人/受託人位於廣東深圳，聯席主承銷商包括中信建投證券有限責任公司、國泰君安證券股份有限公司和招商證券股份有限公司。公司承諾將履行及時公平的信息披露義務。與發行人相關的重大事項包括高資產負債率和流動性風險、應收賬款集中度高、截至2023年底有52.86%的資產存在權利或使用限制、未來資本支出風險以及存貨跌價風險。本次債券發行相關的重大事項包括可續期公司債券、兩種基本期限分別為5年和10年、發行人有權在每個利息年度周期結束時延長債券期限或選擇全額贖回、發行人可延遲支付利息、投資者保護條款以及債券僅向專業機構投資者發行和交易。
China Railway Construction Corporation announced on July 9, 2024 that it will publicly issue enterprise bonds targeting professional investors. This issuance is the first batch of company bonds in 2024, with a registered total amount of RMB 60 billion, and the issuance amount for this batch is no more than RMB 20 billion (including 2 billion). The company bonds do not provide credit enhancement measures, and the issuer and the credit rating of this bond are both AAA-rated, rated by United Credit Rating Co. Ltd. The lead underwriters/ bookkeeping managers/ trustees are located in Shenzhen, Guangdong, and the co-lead underwriters include CITIC Securities Co., Ltd., GTJA Securities Co., Ltd., and China Merchants Securities Co., Ltd. The company promises to fulfill its obligation of timely...Show More
China Railway Construction Corporation announced on July 9, 2024 that it will publicly issue enterprise bonds targeting professional investors. This issuance is the first batch of company bonds in 2024, with a registered total amount of RMB 60 billion, and the issuance amount for this batch is no more than RMB 20 billion (including 2 billion). The company bonds do not provide credit enhancement measures, and the issuer and the credit rating of this bond are both AAA-rated, rated by United Credit Rating Co. Ltd. The lead underwriters/ bookkeeping managers/ trustees are located in Shenzhen, Guangdong, and the co-lead underwriters include CITIC Securities Co., Ltd., GTJA Securities Co., Ltd., and China Merchants Securities Co., Ltd. The company promises to fulfill its obligation of timely and fair information disclosure. Major issues related to the issuer include high debt-to-asset ratio and liquidity risk, high concentration of accounts receivable, 52.86% of assets have restrictions on rights or usage as of the end of 2023, future capital expenditure risk, and inventory depreciation risk. Major issues related to the issuance of this bond include renewable company bonds with two basic terms of 5 years and 10 years, the issuer has the right to extend the term of the bond or choose full redemption at the end of each interest year period, the issuer may delay the payment of interest, investor protection clauses, and the bond is only issued and traded to professional institutional investors.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more