Hesteel sets 2.48% coupon on second tranche renewable bonds

Hesteel Co., Ltd. (SZSE:000709) has announced a coupon rate of 2.48% for its second tranche of renewable corporate bonds being offered to professional investors. These bonds, with a term of 3+N years, are part of a larger offering not exceeding CNY 10 billion approved by the China Securities Regulatory Commission. The second tranche's issuance size will not exceed CNY 1.5 billion, priced at CNY 100 per bond. The bonds, designated "25 河钢 Y2" (Bond Code: 524208.SZ), were priced following a book-building process conducted on April 9, 2025. The offering will take place from April 10 to April 11, 2025.