Beijing Shougang sets 1.92% coupon for green innovation bonds

Beijing Shougang Co., Ltd. (SZSE:000959) has set the coupon rate for the second tranche of its first phase of green technology innovation corporate bonds at 1.92%. Initially, the company released an announcement regarding coupon rate of its 2025 public issuance of green technology innovation corporate bonds (first phase) to professional investors, the company had set price ranges of 1.35%-2.35% and 1.45%-2.45% respectively. These bonds, with a total issuance not exceeding CNY 500 million, are divided into two tranches with durations of three and five years. Due to recent bond market fluctuations, Beijing Shougang extended the book-building period for this offering to 19:00 on June 30, 2025. This bond issuance is part of a larger plan approved by the China Securities Regulatory Commission (CSRC), allowing Beijing Shougang to issue bonds up to CNY 10 billion, with no more than CNY 8 billion allocated to bonds with over one-year maturities and no more than CNY 2 billion for shorter-term bonds. Proceeds from the bond sale will fund environmentally sustainable technology innovation projects for Beijing Shougang.