Opinion Real Estate Network News:China Rallway Co., Ltd. announced on July 28th that the company's application for public issuance of corporate bonds of no more than 20 billion yuan (including 20 billion yuan) to professional investors has been approved by the CSRC.

The announcement pointed out that the bond is issued in stages, in which renewable corporate bonds (the fourth issue) (hereinafter referred to as "current bonds") are publicly issued to professional investors in 2020, with a scale of no more than 3.5 billion yuan.

According toChina RallwayAccording to the announcement issued on July 21, the current issue of bonds is divided into two categories. The basic period of Variety 1 is 3 years, with one cycle for every 3 interest-bearing years, and the inquiry range of coupon interest rate is 3.5% Muk 4.5%. The basic term of Variety II is 5 years, one cycle for every 5 interest-bearing years, and the inquiry range of coupon interest rate is 3.9% Muk 4.9%. At the end of each week, the issuer has the right to choose to extend the maturity of this variety of bonds by one cycle.

China Rallway said that the current bond issue ended on July 24, and after joint negotiation between the issuer and the lead underwriter, only one type of bond was issued, with the actual issuance size of 3.5 billion yuan and the final coupon rate of 3.95%.

It is reported that the lead underwriter and bookkeeping manager of the bonds are BOC International Securities, and the co-lead underwriters areChina Merchants。

According to the New Media of View Real Estate, China Rallway plans to use 1.5 billion yuan to repay the bank loans of the company and its subordinate companies, while the rest is used to replenish working capital.