CHINA OVERSEAS LAND & INVESTMENT LTD (ASX: 00688) has issued an announcement regarding its corporate bonds. According to the issuance announcement for the second tranche of the 2026 corporate bonds to be publicly offered to professional investors by China Overseas Enterprises Group Co., Ltd., a wholly-owned subsidiary of the company, the total issuance size for this tranche of bonds will not exceed 3 billion yuan (inclusive).

The bonds are priced at 100 yuan per note and will be placed via a private offering to professional institutional investors through an offline book-building process. This bond issuance is divided into two series.

Series one, with the bond code 524894 and abbreviated as 26 Zhonghai 03, is a 3-year fixed-rate bond. Series two, with the bond code 524895 and abbreviated as 26 Zhonghai 04, is a 5-year fixed-rate bond.

The final outcome of the issuance is that the 26 Zhonghai 03 series has been cancelled. Conversely, the 26 Zhonghai 04 series has been successfully issued with a total size of 3 billion yuan. The coupon rate for this series is set at 1.75%, and it achieved a subscription multiple of 3.04 times.