China Railway (00390): "21 CRC Y4" will be fully redeemed on June 18th.

China Railway (00390) announced that China Railway Co., Ltd. (hereinafter referred to as "the Company" or "the issuer") issued China Railway Co., Ltd. 2021 publicly offered renewable corporate bonds for professional investors on June 18, 2021 (the second issue), series two (hereinafter referred to as "this issue"). According to the "China Railway Co., Ltd. 2021 publicly offered renewable corporate bonds for professional investors (second issue) prospectus", the base term of this issue is 5 years, with 1 cycle every 5 interest years. At the end of each cycle, the issuer has the right to choose to extend the term of this issue by 1 cycle (i.e. 5 years), or choose to fully redeem this issue at the end of the cycle. The Company has decided not to exercise the issuer's renewal option, and will fully redeem this issue. The relevant matters are hereby announced as follows: Bond abbreviation: 21 China Railway Y4. Bond code: 188270.SH. Total issuance amount: 1 billion RMB. This issue of bonds is in the form of fixed interest rate, with simple interest calculated annually and no compound interest. If deferment occurs, each deferred interest will accumulate at the current face interest rate during the deferment period. The face interest rate for the first cycle of this issue is 4.05% and remains fixed in the first cycle, resetting once in each subsequent cycle. The start date of the first cycle of this issue is June 18, 2021, and the end date is June 18, 2026. According to the provisions of the prospectus for this issue of bonds, at the end of the first cycle of this issue of bonds, the issuer has decided not to exercise the issuer's renewal option, and will fully redeem this issue on June 18, 2026.