Shanghai Construction Group subsidiary issues USD bonds

Shanghai Construction Group (SSE:600170) announced that its wholly-owned overseas subsidiary, Yongda Investment Limited, has completed the issuance of USD bonds. Approved at the company's 2023 annual general meeting, the issuance was completed on June 3, 2025, on the Hong Kong Stock Exchange. The total issuance amount is USD 600 million, with a term of 3 years and an interest rate of 4.60%. The bonds are listed under the stock code 5603. Shanghai Construction Group provides an unconditional and irrevocable joint liability guarantee for the bonds, with the guarantee included in the company's 2025 guarantee quota.