China Merchants Port successfully repays ultra-short term financing bonds

China Merchants Port Group (SZSE:001872) announced the successful repayment of its 2024 second tranche of ultra-short term financing bonds, which matured on April 28, 2025. The bonds, referred to as “24 招商局港 SCP002” (code: 012482326), had an issuance size of CNY 2 billion with a term of 270 days and a coupon rate of 1.95%. The issuance details were initially disclosed on August 3, 2024. The company affirmed that it has fulfilled its obligation by repaying the principal and interest on the maturity date. Furthermore, China Merchants Port are acting to raise shareholder value, and is currently in the process of an audit, which will have results by April 30th, 2025.