Qingdao West Coast Tourism Investment Group 300 Million Yuan Medium-term Note Rate Cut by 189BP to 1%

Viewpoint Network News: On March 18, Qingdao West Coast Tourism Investment Group Co., Ltd. issued an exercise announcement for the first tranche of 2024 medium-term notes (Type 1). The bond is abbreviated as “24 West Coast Tourism MTN001A,” with code 102481516, a total issuance of 300 million yuan, and a term of 2+1 years.

According to the announcement, the issuer has decided to lower the coupon rate. The original rate was 2.89%, reduced by 189 basis points, resulting in a new rate of 1%. The new rate will take effect on April 17, 2026. The bond includes an investor put option.

The investor put application period is from March 19 to March 25, 2026, with a put price of 100.00 yuan per 100 yuan face value. The exercise date is April 16, 2026. The latest rating for the bond is AA.

The lead underwriter and ongoing management institution for this tranche is China Everbright Bank Co., Ltd., and the registration and custody institution is China Central Depository & Clearing Co., Ltd.

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

(Edited by: Guo Jiandong)

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