Zhejiang Windey issues green perpetual bonds, raises 1.5 bn yuan

Zhejiang Windey Technology Group Co., Ltd. announced the successful issuance of its first tranche of 2025 public green perpetual corporate bonds to professional investors. The issuance, with a bond code of 524606.SZ and a short name of 25 Wanda GY01, took place on December 23, 2025. The bonds were issued at a face value of 100 yuan per bond, totaling 1.5 billion yuan, representing 100% of the planned issuance size.

The bonds achieved a coupon rate of 2.49%, with a subscription multiple of 1.3967. The offering was conducted through an inquiry and allotment process targeting professional institutional investors. All investors in this tranche complied with relevant regulations, including the "Measures for the Administration of Corporate Bond Issuance and Trading" and the "Rules for the Listing and Trading of Public Corporate Bonds on the Shenzhen Stock Exchange."

Neither the company's directors, supervisors, senior management, nor shareholders with more than 5% equity, nor other related parties participated in the bond subscription. The lead underwriter, Caitong Securities Co., Ltd., and its affiliates did not participate. However, CITIC Securities Co., Ltd. subscribed for 35 million yuan of the bonds, and its affiliate, CITIC Trust Co., Ltd., subscribed for 120 million yuan, with both bids and procedures compliant with relevant laws and regulations.