China Merchants Port issues first 2025 medium-term notes, raising RMB 2 bn

China Merchants Port Group Co. successfully issued its first tranche of 2025 medium-term notes, raising RMB 2 billion. The notes, with a bond code of 102584687, have a three-year term and an annual interest rate of 1.76%. They will be repaid upon maturity with annual interest payments. The funds were received on November 10, 2025, following the issuance on November 7, 2025, and the notes will mature on November 10, 2028.

This issuance follows the company's registration approval by the National Association of Financial Market Institutional Investors on December 29, 2023. China Merchants Bank Co. served as the lead underwriter, with Industrial and Commercial Bank of China Limited and China Merchants Bank Co. acting as joint lead underwriters.

The company affirmed it is not an untrustworthy entity. Further details are available on the websites of the Shanghai Clearing House and China Money.