China Railway Construction Corporation Limited (01186) has disclosed that its public offering of corporate bonds targeting professional investors has received registration approval from the China Securities Regulatory Commission (Document No. 2683 [2025]). The company is authorized to issue bonds with a total face value not exceeding RMB 30 billion (inclusive) in phases during the valid registration period. The current issuance is capped at RMB 3 billion (inclusive) and consists of two series. Series 1 features 5-year interest periods, with the issuer retaining the option to extend maturity by an additional 5 years at the end of each period or fully redeem the bonds. Series 2 operates on 10-year interest periods, granting the issuer similar extension or redemption rights at the end of each cycle. On March 18, 2026, the issuer and bookrunner conducted an offline coupon rate inquiry with professional institutional investors. Based on the feedback, the parties agreed to set the initial coupon rate for Series 1 at 2.27% and for Series 2 at 2.65% for their first respective cycles.