GRG Banking's tech innovation bonds to list on SZSE

GRG Banking Equipment (SZSE: 002152) has announced that its CNY 400 million technology innovation corporate bonds (first phase), officially named "Guangzhou Radio and Television Express Group Co., Ltd. 2025 Publicly Issued Technology Innovation Company Bonds (First Phase)," will be listed on the Shenzhen Stock Exchange (SZSE) starting June 6, 2025. The bonds, carrying the ticker 25广电运通 K1 (524288.SZ), have been assigned a credit rating of AAA by Guangzhou Puzhi Credit Evaluation Co., Ltd. The bonds offer a fixed interest rate of 1.80% per annum, paid annually, and have a term of three years, maturing on May 30, 2028. The issuance dates were May 29 and May 30, 2025, with interest accruing from May 30, 2025. The bonds are offered at CNY 100 per unit and will begin trading among institutional professional investors on the SZSE through various methods, including matching, click-through, inquiry, bidding, and negotiated transactions. The opening reference price is CNY 100.