Shandong Hi-Speed Road & Bridge extends perpetual bond book-building due to market changes

Shandong Hi-Speed Road & Bridge Group Co., Ltd. announced an extension to the book-building period for its 2025 publicly issued perpetual corporate bonds (Tranche 1) targeting professional investors. The bonds, approved by the China Securities Regulatory Commission (CSRC), have a face value not exceeding 4 billion yuan.

The initial book-building schedule was set for November 27, 2025, from 15:00 to 18:00. During this time, the issuer and book-runner were to conduct interest rate inquiries with offline investors to determine the final coupon rate.

However, due to significant market changes on the day of book-building, the issuer, book-runner, and other participating parties agreed to extend the closing time. The book-building period will now conclude at 19:00 on November 27, 2025, an hour later than originally planned.