Shanghai Urban Development Group (00563) subsidiary Shanghai Chengkai successfully issued 1.15 billion yuan of corporate bonds.

Wisdom Financial News APP News, Shanghai Industrial Urban Development (00563) announced that on November 6, 2025, its subsidiary Shanghai Chengkai (Group) Co., Ltd. (Shanghai Chengkai), established by the company, has completed the issuance of the 2025 corporate bonds (first tranche) with a total amount not exceeding RMB 1.15 billion. The first tranche of 2025 corporate bonds was only issued to professional institutional investors and included two types: (i) three-year 2025 first tranche corporate bonds with a face annual interest rate of 2.08% and a total principal of RMB 950 million; and (ii) five-year 2025 first tranche corporate bonds with a face annual interest rate of 2.56% and a total principal of RMB 200 million. All were issued through offline bookbuilding for professional institutional investors. The proceeds from the bond issuance will be used entirely to substitute for the repayment of the principal of maturing corporate bonds with the company's own funds.