China Railway Construction Corporation (01186): In 2026, it will publicly issue technology innovation renewable corporate bonds (first issue) to professional investors with a face interest rate of 2.27%.

China Railway Construction Corporation (01186) announced that, with the registration effective by the China Securities Regulatory Commission "CSRC License [2025] No. 2683," it has been approved to publicly issue corporate bonds with a total face value not exceeding 30 billion yuan (including 30 billion yuan) to professional investors. The bonds can be issued in installments during the registration validity period. The issuance size of this bond is not more than 3 billion yuan (including 3 billion yuan). This bond is divided into two types: Type one has an interest period of every 5 years, at the end of which the issuer may choose to extend the term of this bond type by 1 period (i.e., 5 years), or choose to fully redeem this bond at the end of that period; Type two has an interest period of every 10 years, at the end of which the issuer may choose to extend the term of this bond type by 1 period (i.e., 10 years), or choose to fully redeem this bond at the end of that period. On March 18, 2026, the issuer and the bookrunner conducted a coupon rate inquiry with professional institutional investors in the offline market. Based on the inquiry results, and after negotiation between the issuer and the bookrunner, the final coupon rate for the first period of Type one was determined to be 2.27%, and for the first period of Type two was determined to be 2.65%.