Qingdao Guoxin Development's 1 billion yuan medium-term notes will pay interest at a rate of 2.83%

Viewpoint News: On April 8, Qingdao Guoxin Development ( Group ) Limited Liability Company released an interest payment announcement for the fifth 2024 interim note.

The bond’s short name for this issuance is “24 Qingdao Guoxin MTN005,” with the code 102481477.IB. The outstanding bond balance is RMB 1 billion. The interest rate for this interest period is 2.83%, and the interest payment date is April 12, 2026.

According to the announcement, for the bonds deposited and held with the China Interbank Market Clearing House Co., Ltd., the interest payment funds will be transferred by that institution to the bank account designated by the bondholder. If the interest payment date falls on a statutory holiday, the time for the funds transfer will be extended accordingly. If a bondholder changes its payment collection route, it must notify the clearing house in a timely manner before the interest payment date; otherwise, the issuer and the clearing house will not be responsible for any delay in collection resulting therefrom.

The institutions involved in this interest payment include: the issuer Qingdao Guoxin Development ( Group ) Limited Liability Company; the lead underwriter, Industrial Bank Co., Ltd.; and the custodian, China Interbank Market Clearing House Co., Ltd.

Disclaimer: The content and data in this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.