Yuexiu Capital to issue RMB 1 bn corporate bonds

Guangzhou Yuexiu Capital Holdings Group Co., Ltd. is set to issue corporate bonds (Tranche 3) with a total value not exceeding RMB 1 billion to professional investors in 2025. The bonds will comprise two varieties: Variety 1 with a 2-year term and Variety 2 with a 10-year term. The issuance will include a two-way callback option with no limit on the callback ratio, and the bonds will be priced at par. Interest will be calculated annually. The bonds are unsecured. The credit rating for both the issuer and the bonds is AAA, with a stable outlook, assigned by China Chengxin International Credit Rating Co., Ltd.

The proceeds from this issuance will be used to replace the principal of previously redeemed corporate bonds. The company's total assets as of the end of 2024 were RMB 21,981,159.49 million, with a debt-to-asset ratio of 79.11%. The average distributable profit over the last three fiscal years was RMB 240,339.82 million. The bonds will be listed on the Shenzhen Stock Exchange.

The company's financing abilities are robust, with a total credit line of RMB 1,943.89 billion from various banks as of June 2025, and an unused credit line of RMB 947.28 billion. The successful issuance of these bonds is expected to optimize the company's debt structure and enhance its short-term solvency.