Summary by Futu AI
China Railway Limited announced on October 18, 2024 that it will pay the interest on the renewable corporate bonds (second tranche) publicly issued to professional investors in 2022 on October 25, 2024. The bonds are divided into two series, namely "22 Tie Gong Y3" and "22 Tie Gong Y4", with respective coupon rates of 2.70% and 3.09%. The interest payment this time is for all bondholders registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch on the registration day of debt rights as of October 24, 2024. The company has signed an agreement with China Securities Depository and Clearing Corporation Limited Shanghai Branch to ensure the smooth progress of interest payment. In addition, in accordance with relevant regulations, individual investors need to pay 20% personal income tax on the bond interest income they receive, which will be withheld and paid by the respective disbursement institutions. For non-resident enterprises, based on relevant policies, from November 7, 2018 to December 31, 2025, bond interest income obtained in the domestic bond market is temporarily exempted from corporate income tax and value-added tax.