Shenzhen Zhenye completes first tranche of 2025 medium-term notes

Shenzhen Zhenye Group (SZSE:000006) announced the successful issuance of its first tranche of medium-term notes for 2025, raising CNY325 million. The notes, dubbed "25 振业集团 MTN001," have a three-year term and carry a coupon rate of 3.45%. Interest will be paid annually, with principal repaid at maturity. The issuance date was April 28, 2025, and the funds were received on April 29, 2025. This issuance is part of a larger registered allowance of CNY825 million approved by the National Association of Financial Market Institutional Investors (NAFMII). The lead underwriter for this tranche was Ningbo Bank, with Postal Savings Bank of China, Bank of Beijing, and Bohai Bank serving as joint lead underwriters. Details of the issuance are available on the ChinaMoney and Shanghai Clearing House websites.