Recently, Powchan Financial Group Co., Ltd. (hereinafter referred to as ‘Powchan Financial’), a company in which COSCO SHIPPING Development is a participant, successfully issued its first corporate bonds and ABS in 2025, with the issuance interest rate hitting a record low in the history of Powchan Financial's bonds of the same type, which marks a solid step forward in reducing financing costs for the company.

Powchan Financial 2025 Public Offering of Corporate Bonds for Professional Investors (Phase I)

Project issue size of 700 million yuan

Maturity of 2 years, issuance interest rate of 1.95%

Record low for medium- and long-term credit bonds of the company

Powchan Financial Pilot No. 3 3rd Asset Support Special Plan

Project issuance size of 1.250 billion yuan

The issuance scale of priority A1 is RMB 550 million, and the issuance interest rate is 1.90%.

Priority A2 issue size of 588 million yuan, issue interest rate of 2.00%.

The issuance interest rates of both tranches were at record lows for bonds of

the same type

      Both phases of the product have gained wide attention and enthusiastic participation of banks, wealth management, funds, securities and other types of market investors, which fully reflects the high recognition of investors on the qualification of the main body of Powchan Financial.

In the future, Powchan Financial will continue to maintain a steady development trend, further expand diversified financing channels, reduce financing costs, and continue to enhance the core competitiveness and market influence at the same time, to create more value for investors, and contribute more power to the development of the real economy.