Shenzhen Energy announces 2025 bond interest payments for two tranches

Shenzhen Energy Group Co., Ltd. has announced interest payments for its 2021 publicly issued corporate bonds to professional investors, covering both Tranche 1 ("21 Shenneng 01") and Tranche 2 ("21 Shenneng 02"). For "21 Shenneng 01", the interest payment for the period from October 25, 2024, to October 24, 2025, will be made on October 27, 2025. The current coupon rate for this RMB1 billion bond is 3.57%, resulting in an interest payment of 35.70 yuan (pre-tax) per 1,000 yuan face value.

Similarly, "21 Shenneng 02" will also disburse interest on October 27, 2025, for the same period. This tranche, also valued at RMB1 billion, carries a current coupon rate of 3.88%, entitling bondholders to 38.80 yuan (pre-tax) per 1,000 yuan face value. The payment dates for both tranches are adjusted from October 25, 2025, due to a weekend, shifting to the next trading day.

The bond registration date for both tranches is October 24, 2025. Individual investors are subject to a 20% personal income tax on interest, while non-resident enterprises are exempt from corporate income tax and VAT for bond interest income from November 7, 2021, to December 31, 2025. China Securities Depository and Clearing Corporation Limited Shenzhen Branch will handle the interest disbursement.