Summary by Futu AI
China Overseas Development Co., Ltd. (the “Company”) announces that its wholly-owned subsidiary China Sea Enterprise Development Group Limited will issue corporate bonds (Issue 1) on April 30, 2024 on the Shenzhen Stock Exchange. The bond is aimed at professional investors, including institutional investors, and will use a variety of trading methods. The total bond issue amounts to US$30 billion for a period of 5 years, an annualized interest rate of 2.68%, and interest will be paid once a year. The bond has a credit rating of AAA and is assessed by United Credit Valuation Co., Ltd. The date of issue of this bond is April 24, 2024 and the maturity date is April 24, 2029. The Company complies with the requirements of Section 13.10B of the Securities Listing Rules of the Hong Kong Stock Exchange Limited and has published detailed information on the relevant website.