Hesteel sets 2.70% coupon rate on first phase bond

Hesteel Co., Ltd. has announced a coupon rate of 2.70% for the first phase of its 2025 public issuance of renewable corporate bonds to professional investors. This issuance, approved by the China Securities Regulatory Commission, will have a total value not exceeding 1.5 billion RMB. The bonds have a term of 3+N years and will be offered to professional institutional investors through an over-the-counter placement. Trading under the code "524154.SZ" with the abbreviation "25 河钢 Y1", the bonds are scheduled for distribution on March 12, 2025. Several securities firms will be acting as lead underwriters, including Cinda Securities, China Securities, Ping An Securities, and others.