Summary by Moomoo AI
China Railway Corporation (referred to as 'China Railway' or the 'Issuer') publicly issued the technology innovation renewable corporate bonds (Series 9) (Type 2) on November 13, 2023 to professional investors, referred to as 'Iron Works YK18', with bond code 240236.SH. The bond has a base term of 5 years, a total issuance amount of RMB 1.8 billion, and a coupon rate of 3.35%. The company has announced that it will pay interest from November 13, 2023 to November 12, 2024 on November 13, 2024. China Railway has signed an agency bond payment and interest payment agreement with China Securities Depository and Clearing Corporation Shanghai Branch, and will transfer the interest in full to the bank account designated by China Securities Depository and Clearing Corporation Shanghai Branch two trading days before the interest payment date. In addition, according to relevant regulations, individual investors of this bond need to pay personal income tax on corporate bond interest, with a tax rate of 20%, withheld and paid by each payment institution. Overseas institutional investors are exempt from corporate income tax and value-added tax from November 7, 2021 to December 31, 2025.