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Shandong Energy Group successfully issued 3 billion yuan short-term bond with the province's lowest interest rate

Jinan, October 13 - Shandong Energy Group has successfully issued the largest amount of ultra-short-term financing bonds with the lowest interest rate in Shandong Province. On October 11, the Group successfully issued 3 billion yuan of bonds in the national inter-bank bond market, with a term of 270 days, which was underwritten by Shanghai Pudong Development Bank. The eventual coupon rate is 2.90%, which is 145 bp lower than the benchmark lending rate of the same period, breaking the record. Compared to the price of bond market, the issuing has saved nearly 33 million yuan of the Group.