SH IND URBAN (00563) Subsidiary Shanghai Chengkai Completes Issuance of RMB1.15 Billion Corporate Bonds

Stock News
Nov 06, 2025

SH IND URBAN (00563) announced that on November 6, 2025, its subsidiary Shanghai Chengkai (Group) Co., Ltd. (Shanghai Chengkai) successfully issued the first tranche of 2025 corporate bonds with a total principal amount not exceeding RMB1.15 billion.

The first tranche of 2025 corporate bonds was exclusively offered to professional institutional investors and comprised two categories: (i) Three-year bonds with an annual coupon rate of 2.08% and a total principal of RMB950 million; and (ii) Five-year bonds with an annual coupon rate of 2.56% and a total principal of RMB200 million.

All bonds were issued through an offline book-building process targeting professional institutional investors. The proceeds from the bond issuance will be fully utilized to refinance the repayment of maturing corporate bond principal using the company's own funds.

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