Henan City Development Environment issues ¥500m commercial papers

Henan City Development Environment Co. Ltd. (Chengfa Environment) announced the successful issuance of its second tranche of super short-term commercial papers for 2025, totaling ¥500 million. The issuance, with a maturity of 270 days, carries an interest rate of 1.81% and was priced at ¥100 per hundred yuan par value. Funds from this issuance were received by September 23, 2025, with the repayment date set for June 20, 2026.

The issuance is part of a larger approved registration for super short-term commercial papers, totaling up to ¥2 billion, which was approved by the company's board of directors on April 18, 2025, and by shareholders on May 20, 2024. The registration was accepted by the National Association of Financial Market Institutional Investors (NAFMII) in August 2025, valid for two years from the approval date.

Shanghai Pudong Development Bank Co. Ltd. served as the lead underwriter for this issuance, with China CITIC Bank Co. Ltd. acting as the co-lead underwriter. Further details and related documents can be accessed on ChinaMoney.com.cn and Shanghai Clearing House websites.