Shenzhen Expressway Co. Ltd. (00548.HK) announced that the shareholders' meeting of Shenzhen Expressway Group Co., Ltd. (the "Company") has granted the board of directors a general authorization to issue bond-like financing tools. According to the "Acceptance of Registration Notice" (China Securities Regulatory Commission [2023] SCP12) issued by the China Interbank Market Dealers Association to the Company, the company plans to issue the second ultra-short-term financing bond for 2024 on July 22, 2024, with a scale of RMB 1.5 billion, a term of 270 days, and the raised funds are planned to be used to repay the company's outstanding debt. The issue is aimed at institutional investors in the national interbank bond market (except for those prohibited by national laws and regulations from purchasing), and will be underwritten by the underwriting group organized by the lead underwriter, using the centralized bookkeeping method for public issuance at face value.
China Citic Bank Corporation is the lead underwriter and bookkeeping manager for the issuance of this ultra-short-term financing bond, with China Citic Bank Corporation and Ping An Bank Corporation as joint lead underwriters. The issuance of this ultra-short-term financing bond is planned to be completed on July 22, 2024, with payments due on July 23, 2024, and listed for trading on the interbank bond market on July 24, 2024.