Hesteel sets 2025 interest payment details for 2023 corporate bonds

Hesteel Company Limited (SZSE:000709) announced it will make its 2025 interest payment for the 2023 publicly issued corporate bonds to professional investors (second tranche) on October 16, 2025. The interest payment covers the period from October 16, 2024, to October 15, 2025, with the bondholder record date set for October 15, 2025. The bonds have a total issuance amount of CNY1 bn and carry a fixed annual coupon rate of 3.50%.

Each 10-bond unit (face value of CNY1,000) will distribute an interest payment of CNY35.00 (tax inclusive). Individual investors and securities investment funds will receive CNY28.00 per unit after tax, while non-resident enterprises (including QFII and RQFII) will receive the full CNY35.00 per unit. The bonds have a three-year maturity, with the principal repayment scheduled for October 16, 2026.

China Securities Depository and Clearing Corporation Limited Shenzhen Branch will handle the interest distribution. Hesteel's issuer credit rating is AAA, as assessed by China Chengxin International Credit Rating Co., Ltd., with the current bonds being unrated.