Yuexiu Real Estate (00123) announced that Guangzhou Urban Construction and Development Co., Ltd. will publicly issue corporate bonds (first installment) (hereinafter referred to as “current bonds”) to professional investors in 2024 on a scale of no more than 1.5 billion yuan (including 1.5 billion yuan). Current bonds are divided into 2 types. Type 1 is a 5-year term, with the issuer's right to adjust the coupon interest rate option at the end of the 3rd year, the issuer's redemption option, and the investor's right to resell; type 2 is a 10-year term.
On July 10, 2024, the issuer and lead underwriter made an offline coupon interest rate inquiry from professional investors. The current bond type 1 interest rate inquiry range was 1.90%-2.90%, and the current bond type 2 interest rate inquiry range was 2.30% - 3.30%. According to the bookkeeping filing results, after full negotiation and careful judgment between the issuer and the lead underwriter, it was finally determined that the coupon interest rate for current bond type 1 was 2.25%, and the coupon interest rate for current bond type 2 was 2.75%.