Hesteel announces interest payment for perpetual corporate bonds

Hesteel Company Limited has announced the upcoming interest payment for its 2024 publicly offered perpetual corporate bonds to professional investors (fourth tranche) (tranche 1), known as "24 Hesteel Y4" (bond code: 148922.SZ). The interest payment date is set for September 25, 2025, covering the interest accrual period from September 25, 2024, to September 24, 2025. The bond's coupon rate is 2.50%.

The bond, with a face value of yuan 100 per unit, will distribute an interest payment of yuan 25.00 (tax inclusive) for every 10 units held (face value of yuan 1,000). Individual and mutual fund bondholders will receive a net interest payment of yuan 20.00 per 10 units, while non-resident enterprises (including QFII and RQFII) will receive yuan 25.00 per 10 units. The record date for bondholders eligible for this payment is September 24, 2025.

The bonds, issued with a total amount of yuan 900m, have a basic term of three years, with Hesteel retaining the option to extend the term by one cycle (up to three years) at the end of each re-pricing period or to fully redeem the bonds. China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, will facilitate the interest distribution.