Shanghai Urban Development (Holdings) Co., Ltd Completes Oversubscribed Issuance of 2025 Medium-Term Notes

Reuters

May 28

Shanghai Urban Development (Holdings) Co., Ltd Completes Oversubscribed Issuance of 2025 Medium-Term Notes

Shanghai Urban Development (Holdings) Co., Ltd $(SUD.AU)$, a non-wholly-owned subsidiary of Shanghai Industrial Urban Development Group Limited, has successfully completed the issuance of its 2025 1st tranche medium-term notes in the People's Republic of China. The issuance, totaling RMB900 million with a term of three years and a coupon rate of 1.99%, was oversubscribed 2.28 times. Rated AA+ by China Chengxin International Credit Rating Co., Ltd., these notes achieved a record low coupon rate among similar issuances by Chinese property developers. The proceeds will be used to repay SUD's 2022 1st tranche medium-term notes, which had a higher coupon rate of 2.85%, resulting in significant financial savings and demonstrating strong market confidence in the company's capabilities and brand image.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Industrial Urban Development Group Ltd. published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/SIUDF\">Shanghai Industrial Urban Development Group Ltd.</a> published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00563","symbol_name":"上实城市开发","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250528:nNDL7hg4Mg:1","article_id":"2538834448","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538834448","pubTimestamp":1748405002,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Shanghai Urban Development  Co., Ltd , a non-wholly-owned subsidiary of Shanghai Industrial Urban Development Group Limited, has successfully completed the issuance of its 2025 1st tranche medium-term notes in the People's Republic of China. The issuance, totaling RMB900 million with a term of three years and a coupon rate of 1.99%, was oversubscribed 2.28 times. Rated AA+ by China Chengxin International Credit Rating Co., Ltd., these notes achieved a record low coupon rate among similar issuances by Chinese property developers. The proceeds will be used to repay SUD's 2022 1st tranche medium-term notes, which had a higher coupon rate of 2.85%, resulting in significant financial savings and demonstrating strong market confidence in the company's capabilities and brand image.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00563":"上实城市开发","BK1240":"房地产开发","BK1230":"工业集团企业","00363":"上海实业控股"},"translate_title":"上海城开（控股）股份有限公司2025年中期票据超额认购发行完成","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00363":0.9,"00563":0.9},"content_text":"Shanghai Urban Development (Holdings) Co., Ltd Completes Oversubscribed Issuance of 2025 Medium-Term Notes\n    \n\n        Shanghai Urban Development (Holdings) Co., Ltd $(SUD.AU)$, a non-wholly-owned subsidiary of Shanghai Industrial Urban Development Group Limited, has successfully completed the issuance of its 2025 1st tranche medium-term notes in the People's Republic of China. The issuance, totaling RMB900 million with a term of three years and a coupon rate of 1.99%, was oversubscribed 2.28 times. Rated AA+ by China Chengxin International Credit Rating Co., Ltd., these notes achieved a record low coupon rate among similar issuances by Chinese property developers. The proceeds will be used to repay SUD's 2022 1st tranche medium-term notes, which had a higher coupon rate of 2.85%, resulting in significant financial savings and demonstrating strong market confidence in the company's capabilities and brand image.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Industrial Urban Development Group Ltd. published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}