Hesteel completes CNY 1.5bn renewable bond issuance

Hesteel Group successfully completed the public offering of its second tranche of renewable corporate bonds for 2025, raising a total of CNY 1.5 billion. The offering, targeting professional investors, achieved an oversubscription rate of 1.9533. The bonds, with the stock code "524208.SZ" and abbreviated as “25 河钢 Y2”, carry a coupon rate of 2.48% and have a term of 3+N years. The offering period ran from April 10 to April 11, 2025. Participating investors met the regulatory requirements for bond investments. Several underwriters including China Securities, Goldstone Securities, and Ping An Securities were involved in the offering.