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.