Yuexiu Property Co Ltd (SEHK: 00123) has announced that its subsidiary, Guangzhou City Construction and Development Co Ltd, has finalised the coupon rate for the second tranche of its fourth series of publicly issued corporate bonds targeted at professional investors in 2026.
According to the company's filing, the total offering size for this bond series is capped at RMB 2.10 billion (inclusive). The issuance is structured into two tranches, with Tranche 1 carrying a tenure of 3+2 years and Tranche 2 offering a 5+2 year maturity.
On 18 September 2026, the issuer and the lead underwriter conducted a bookbuilding process through offline inquiries with professional investors. The interest rate inquiry range for Tranche 1 was set between 1.40% and 2.40%, while Tranche 2's indicative range was established between 1.70% and 2.70%.
Following the bookbuilding results and after thorough negotiation and careful assessment between the issuer and the lead underwriter, it was ultimately decided to cancel the issuance of Tranche 1. The final coupon rate for Tranche 2 has been set at 1.92%.