Summary by Futu AI
Yuexiu Property Co., Ltd. announced that its subsidiary Guangzhou City Urban Construction and Development Co., Ltd., in which it holds 95% of the shares, plans to issue the first CSI Enterprise Bond Index with a total value of no more than RMB 1.5 billion in 2024. The bond will be divided into two categories: five-year and ten-year with a call option. The bond has received a "AAA" credit rating from China Chengxin International Credit Rating Co., Ltd. and will be used to repay the company's expiring bonds. The company reminds shareholders and potential investors that since the bond issuance may or may not take place, caution should be exercised when trading. The issuance details will be announced on the Shanghai Stock Exchange website.