China Merchants Expressway redeems MTN003 notes, repays MTN002

China Merchants Expressway Network & Technology Holdings will exercise its issuer's redemption option for the 2022 third tranche medium-term notes (22 China Merchants Expressway MTN003, ISIN: 102282248.IB). The redemption, scheduled for October 14, 2025, involves an amount of 1.55 billion yuan at a price of 100 yuan per 100 yuan face value. The current interest rate for this tranche is 2.85%.

In a related development, the company has also announced the full repayment of its 2022 second tranche medium-term notes (22 China Merchants Expressway MTN002, ISIN: 102282074.IB). The principal and interest repayment for this tranche amounts to 2,056,400,000.00 yuan, with the interest rate for the current period at 2.82%. The repayment date for these notes is September 13, 2025.

Both sets of notes were issued with a "3+N year" maturity structure. China Merchants Bank acted as the lead underwriter and ongoing management institution for both tranches. These actions reflect the company's proactive management of its debt obligations.