China State Construction Engineering Corporation (01186.HK) Plans to Issue 3 Billion Yuan Technology Innovation Perpetual Corporate Bonds

NightAirdropper · 2026-03-20T15:49:49+00:00

China State Railway Construction Group announced that it has obtained registration approval from the China Securities Regulatory Commission to publicly issue corporate bonds not exceeding 30 billion yuan, including the first tranche of 3 billion yuan technology innovation perpetual bonds with an interest rate range of 1.70%-3.20%, with the specific rate to be determined based on the results of the book-building process.

NightAirdropper

2026-03-20 15:49:49

Abstract generation in progress

China Railway Construction Corporation Limited (01186.HK) announced on March 17 that its public offering of corporate bonds for professional investors, totaling up to RMB 30 billion (including RMB 30 billion), was registered and became effective on December 5, 2025, with the China Securities Regulatory Commission (hereinafter referred to as “CSRC”) under registration number “Zheng Jian Xu Ke [2025] 2683.”

The bonds are issued in phases. Among them, China Railway Construction Corporation Limited will publicly issue a renewable technology innovation corporate bond (First Phase) in 2026, with a scale of no more than RMB 3 billion (including RMB 3 billion), with each bond having a face value of RMB 100 and an issuance price of RMB 100 per bond.

This phase of bonds includes two varieties: Bond Code 244907, Bond Short Name: Tiejian YK37; Bond Code 244908, Bond Short Name: Tiejian YK38. The coupon rate inquiry range for Variety One is 1.70%-2.70%; for Variety Two, it is 2.20%-3.20%. The final coupon rate for these bonds will be determined within the inquiry range based on the results of the offline book-building process, negotiated and agreed upon by the issuer and the bookrunner in accordance with relevant national regulations.

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