China Overseas Development (00688) plans to issue no more than 4 billion yuan of corporate bonds

Zhitong Finance App News, China Overseas Development (00688) announced that CNOOC Enterprise Development Group Co., Ltd. (hereinafter referred to as the “Issuer” or “Company”) has obtained the “Securities Regulatory License [2025] No. 180” document from the China Securities Regulatory Commission on January 24, 2025 to publicly issue corporate bonds with a face value of not more than 15 billion yuan (hereinafter referred to as “this bond”). The issuer issued this bond in installments.

The current bond is divided into two types. Type 1 is abbreviated as “26 Zhonghai 05,” and the bond code is 524965; type 2 is abbreviated as “26 Zhonghai 06,” and the bond code is 524966. The issuance scale of this issue is no more than RMB 4 billion (including RMB 4 billion), with a face value of RMB 100 per sheet. The number of bonds issued is no more than 40 million, and the issue price is RMB 100 per sheet.

The term of current bonds is divided into two types. Type 1 is a 3-year fixed interest rate type, and type 2 is a 5-year fixed interest rate type. The two types can call back each other, and the callback ratio is not limited. The issuer shall agree with the lead underwriter to decide whether to exercise the right of inter-product recall.

The current bond type 1 coupon interest rate inquiry range is 1.30%-2.30%; the current bond type 2 coupon interest rate inquiry range is 1.50%-2.50%.