Shandong Hi-Speed raises 10bn yuan with 2025 medium-term notes

Shandong Hi-Speed Company Limited announced the successful completion of its 2025 fifth tranche of 10 billion yuan medium-term notes, with the funds reaching the company's designated account. The notes, bearing the short name "25 Lugaosu Gu MTN005" and code "102584663," have an issuance term of "2+N years," with an expiry date of December 31, 2099. The issue date was November 6, 2025, at a price of 100.00 yuan per 100 yuan face value.

The notes were issued at an interest rate of 1.92%. The subscription process saw 15 compliant subscribers, with the highest bid at 2.30% and the lowest at 1.70%. The total compliant subscription amount reached 4.62 billion yuan.

Following the final allocation, 11 valid subscribers participated, contributing to a valid subscription amount of 1.26 billion yuan. CITIC Bank Co., Ltd. served as the bookrunner and lead underwriter, with Ping An Bank Co., Ltd. acting as the co-lead underwriter.