GRG Banking sets 1.80% coupon for tech innovation bonds

GRG Banking Equipment (SZSE:002152) has announced the coupon rate for its first tranche of science and technology innovation corporate bonds to be issued to professional investors in 2025. The bonds, with a term of three years and ticker symbol "524288.SZ" (bond code "25 广电运通 K1"), will carry a coupon rate of 1.80%. This follows approval from the China Securities Regulatory Commission (CSRC) under document number 证监许可【2024】533号. The total issuance will not exceed CNY 500 million, part of a larger approved issuance of up to CNY 2 billion. The bonds will be offered to qualified institutional investors. The subscription period will run from May 29, 2025, to May 30, 2025.