CHINA RAIL CONS (01186) has announced the issuance of a new technology innovation corporate bond series for professional investors, with the first tranche's coupon rate finalized. The total issuance size for the 2026-dated series is capped at RMB 30 billion (inclusive). Based on the results of the inquiry with professional institutional investors and following discussions between the issuer and the bookrunner, the coupon rate for Tranche One of this series has been set at 2.37%, while the rate for Tranche Two is 2.49%.