Shanghai Industrial Urban Development Unit Sells 1.15 Billion Yuan Bonds

MT Newswires Live

2025/11/06

Shanghai Industrial Urban Development Group (HKG:0563) unit Shanghai Urban Development (Holdings) completed the issue of 1.15 billion yuan bonds to professional institutional investors, a Thursday Hong Kong bourse filing said.

The bonds comprise 950 million yuan of three-year bonds carrying a 2.08% per annum coupon rate and 200 million yuan of five-year bonds with a coupon rate of 2.56% per annum.

Proceeds from the issue will be used to replace internal funds used to repay the principal amount of certain maturing corporate bonds.

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