China Railway Construction Corporation Limited (Stock Code: 01186) has announced the completion of its bond issuance.

As per the issuance announcement for the second tranche of its 2026 Science and Technology Innovation Perpetual Corporate Bonds for professional investors, the company had set a maximum issuance scale of 3 billion yuan (inclusive) for this tranche.

The bond issuance is structured into two series. For Series One, each interest accrual period spans five years. At the end of each period, the issuer holds the option to extend the bond's maturity by one additional period (another five years) or to fully redeem the bonds at maturity. Series Two operates on ten-year cycles, granting the issuer a similar right to extend for another decade or redeem at the end of each cycle.

The issuance process concluded on June 22, 2026. The final issuance size for Series One reached 1.5 billion yuan, with an initial coupon rate for the first period set at 1.94% and a subscription multiple of 2.6667. Series Two also achieved a final issuance of 1.5 billion yuan, carrying an initial first-period coupon rate of 2.45% and a subscription multiple of 1.7933.