Environment company sets bond interest rate at 1.88%

Henan City Development Environment (SZSE:000885) has announced a coupon rate of 1.88% for its first phase of corporate bonds to be offered to professional investors in 2025. The company plans to issue bonds with a total value of up to CNY 500 million, with a term of three years. The bond offering secured regulatory approval earlier this year. Price discovery occurred via a book-building process with professional investors with an initial range between 1.70% and 2.70%.