Shenzhen Expressway Co (HK:0548) has released an update.
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Shenzhen Expressway Co. successfully completed the issuance of its Phase II Corporate Bonds in China, raising RMB1 billion with a coupon rate of 2.20%. The bonds, offered exclusively to professional investors, attracted strong interest with a subscription multiple of 6.55. Major underwriting institutions, including China Merchants Securities, participated significantly in the subscription process.
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