Wuchan Zhongda issues CNY 1bn in ultra-short-term bonds

Wuchan Zhongda Group (SSE:600704) announced the successful issuance of its fifth ultra-short-term financing bonds for 2025, with an issuance size of CNY 1 billion. These bonds, officially named "25 Wuchan Zhongda SCP005," have a term of 180 days and are set to mature on November 17, 2025. The bonds were issued at a price of CNY 100 per CNY 100 face value, bearing an interest rate of 1.49%. The offering was led by China Everbright Bank as the lead underwriter, with Bank of Jiangsu acting as the joint lead underwriter. The issuance was approved in accordance with resolutions passed at the company's board and shareholder meetings in April and May 2024, respectively.