Summary by Futu AI
Yuexiu Property (stock code: 00123) announced on August 16, 2024 that it will not exercise its redemption option for its bond "21 Hu Jian 03". The bond was originally callable by the issuer on the third anniversary of its existence to redeem all outstanding principal. In addition, the company has also decided to lower the bond's coupon rate from the original 3.17% to 2.10%. The adjusted rate will take effect from September 13, 2024 to September 12, 2026. The rate adjustment complies with the terms of the prospectus and has been verified without objection. The bond has a term of 5 years and a total issuance amount of 1.5 billion yuan, and is accompanied by the issuer's call option, coupon rate adjustment option and investor put option.