China Merchants Expressway prices 500m yuan bond re-issue

China Merchants Expressway Network & Technology Holdings has priced its 500 million yuan technology innovation bond re-issuance at 101.03 yuan per 100 yuan face value.

The re-issued bonds maintain the original three-year term and 1.92% coupon rate from the initial tranche issued in April. The pricing followed a book-building process with professional investors, with an inquiry range of 100.50-102.00 yuan.

The bond issuance is part of a broader 10 billion yuan program approved by China's securities regulator.