Zhuhai Port opts not to extend renewable bonds

Zhuhai Port Co., Ltd. (SZSE:000507) announced that it will not exercise its renewal option for the first phase of its 2022 public offering of renewable corporate bonds to professional investors (SZSE:149952.SZ, "22 珠港 Y1"). According to the original prospectus, the company had the option to extend the bonds' maturity by an additional three years at the end of the initial three-year term. Instead, the company will fully redeem the outstanding bonds, totaling CNY6.00 billion, on June 21, 2025, the initial maturity date. The bonds carry a current coupon rate of 3.80%. Zhuhai Port's decision means investors will receive their principal and final interest payment on the specified date.