China Merchants Shekou oversubscribes bond, raises 4 bn yuan

China Merchants Shekou Industrial Zone Holdings Co., Ltd. announced the successful completion of the second tranche of its 2025 public corporate bond issuance to professional investors. The company aimed to raise up to 4 billion yuan for this tranche, and the actual net issuance volume reached 4 billion yuan, marking a 100% issuance rate.

The issuance comprised two tranches, with only the first tranche (bond code: 524484, bond short name: 25 Shekou 02) successfully issued. This three-year fixed-rate bond tranche raised 4 billion yuan with a coupon rate of 1.90% and experienced significant investor demand, achieving an oversubscription ratio of 2.635 times. The second tranche (bond code: 524485, bond short name: 25 Shekou 03) was not issued.

Key related parties participated in the subscription, including China Merchants Securities Co., Ltd. and its affiliates, which collectively subscribed for 10 billion yuan. CITIC Securities Co., Ltd. and its affiliates subscribed for 0.20 billion yuan, while CITIC Construction Investment Securities Co., Ltd. and its affiliates subscribed for 0.40 billion yuan. China International Capital Corporation Limited and its affiliates also subscribed for 0.10 billion yuan. China Merchants Bank Co., Ltd. and China Merchants Group Finance Co., Ltd. subscribed for 5.70 billion yuan and 2.00 billion yuan, respectively.