Shanghai Announces RMB 8.5 Billion Refinancing Special Bond Issuance for 2024, Bidding Scheduled for October 31

[Shanghai Decides to Issue the 2024 Shanghai Municipal Government Refinancing Special Bonds (Phase V) with a Planned Face Value of RMB 8.5 Billion]

Shanghai has decided to issue the 2024 Shanghai Municipal Government Refinancing Special Bonds (Phase V). These bonds are book-entry fixed-rate coupon bonds with a planned face value of RMB 8.5 billion. The bidding will be conducted from 9:30 to 10:10 AM on October 31, 2024, with interest accrual starting from November 1. Distribution will follow after the bidding concludes and prior to November 1.