China Merchants Expressway details bond interest payments, note redemption

China Merchants Expressway Network & Technology Holdings has announced the 2025 interest payment for its 2023 publicly issued technology innovation corporate bonds (second tranche) for professional investors. The "23 Zhaolu K2" bonds will have their interest payment on December 15, 2025, for the period from December 14, 2024, to December 13, 2025. The bond's coupon rate is 3.04%, resulting in an interest payment of yuan 3.04 (pre-tax) per yuan 100 face value. The total issuance for these bonds was yuan 2.00 bn. The record date for bondholder eligibility is December 12, 2025.

In a separate but related announcement, the company also detailed the principal and interest redemption for its 2023 second tranche medium-term notes, "23 Zhaoshang Gaosu MTN002". The redemption date for these medium-term notes is December 11, 2025, with an outstanding balance of yuan 12.5 bn and a coupon rate of 3.15%. The total amount due for this redemption is yuan 128,937.50.

Both announcements specify that in the event of a non-trading day, the payment or redemption date will be postponed to the next trading day without additional interest. The company will entrust China Securities Depository and Clearing Corporation Limited Shenzhen Branch and Interbank Market Clearinghouse Co., Ltd., respectively, to handle the interest payments and redemptions.