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Shandong Hi-speed issues fourth tranche of 2025 commercial paper, raises 1 billion yuan

October 22, 2025 at 11:50 AM UTCBy FilingReader AI

Shandong Hi-speed Company Limited announced the successful issuance of its fourth tranche of super short-term commercial paper for 2025, raising 1 billion yuan. The issuance, with a coupon rate of 1.64%, has an effective date of October 22, 2025, and matures on January 20, 2026, marking a 90-day term. The company confirmed that the raised funds have been deposited into its designated account.

The issuance, identified as "25 鲁高速股 SCP004" with a code of 012582535, saw participation from 6 compliant bidders. The total compliant bid amount reached 680 million yuan, with the highest bid price at 1.64% and the lowest at 1.58%. The issuance price was set at 100 yuan per 100 yuan face value.

China Everbright Bank Co., Ltd. acted as the bookrunner and lead underwriter for the offering, with Industrial Bank Co., Ltd. serving as the joint lead underwriter. This follows the company's approval from its 2023 annual general meeting on May 9, 2024, to register various debt financing instruments with the National Association of Financial Market Institutional Investors.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600350Shanghai Stock Exchange

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