China Merchants Shekou extends bond book-building, sets tranche I rate

China Merchants Shekou Industrial Zone Holdings Co., Ltd. has extended the book-building period for its 2025 publicly issued corporate bonds (tranche III) to professional investors. Originally scheduled to conclude at 18:00 on November 24, 2025, the book-building process will now end at 19:00 on the same day, citing procedural reasons by some investors. The bonds, with a total face value not exceeding 12.93 billion yuan, are registered with the China Securities Regulatory Commission.

The third tranche bonds, with an issuance size not exceeding 5.04 billion yuan, are divided into two tranches: Tranche I (bond code: 524555; bond abbreviation: 25 Shekou 04), a 3-year fixed-rate bond, and Tranche II (bond code: 524556; bond abbreviation: 25 Shekou 05), a 5-year fixed-rate bond.

Following the inquiry process for professional institutional investors on November 24, 2025, the final coupon rate for Tranche I was set at 1.77%, within its inquiry range of 1.50%-2.50%. Tranche II, with an inquiry range of 1.70%-2.70%, was not issued.