---
title: "YUEXIU PROPERTY's subsidiary Chengjian Development's bond issuance was oversubscribed by 1.3 times, raising 1.9 billion yuan with an interest rate of 1.97%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289392043.md"
description: "YUEXIU PROPERTY's subsidiary issued RMB 1.9 billion corporate bonds with a coupon rate of 1.97% and a term of 5+2 years. The bonds were oversubscribed by 1.32 times, and the first tranche was canceled. Underwriters and their affiliates received RMB 340 million, accounting for approximately 17.9%. Directors and major shareholders did not participate in the subscription"
datetime: "2026-06-11T00:45:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289392043.md)
  - [en](https://longbridge.com/en/news/289392043.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289392043.md)
---

# YUEXIU PROPERTY's subsidiary Chengjian Development's bond issuance was oversubscribed by 1.3 times, raising 1.9 billion yuan with an interest rate of 1.97%

According to a report from Economic Information Daily on the 11th, YUEXIU PROPERTY (00123) announced that its subsidiary, Guangzhou Urban Construction Development, will publicly issue corporate bonds (Phase II) aimed at professional investors in 2026, with an issuance scale of RMB 1.9 billion, which is the planned upper limit.

The group indicated that the first type of bonds was canceled; the second type has an issuance scale of RMB 1.9 billion, with a coupon rate of 1.97%, oversubscribed by 1.32 times, and a term of 5+2 years. The issuer's directors, senior management, shareholders holding more than 5%, and other related parties did not participate in the bond subscription. The bond underwriting institutions and their related parties participated in the bond subscription, with a total allocation amount of RMB 340 million, accounting for approximately 17.9% of the issuance amount. (wh)

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