Shandong Hi-Speed Road & Bridge sets 2.13% coupon rate for first tranche of 2025 bonds

Shandong Hi-Speed Road & Bridge Group Co., Ltd. has announced the coupon rates for its 2025 publicly issued corporate bonds to professional investors (second tranche). The offering involves bonds with an issue size not exceeding RMB 1 billion.

The bonds were initially split into two tranches: Tranche One with a 3-year term, and Tranche Two with a 5-year term. Following an inquiry process on October 23, 2025, the issuer and lead underwriters agreed to fully reallocate Tranche Two to Tranche One.

The final coupon rate for Tranche One has been set at 2.13%. The bonds will be offered to institutional investors via offline distribution on October 24, 2025, and October 27, 2025.