Jiangsu Expressway Company Limited (H-share code: 00177) has announced the successful issuance of two tranches of medium-term notes, collectively raising RMB 1.5 billion.

The company disclosed that the second tranche of its 2026 medium-term notes was issued on August 31, 2026, followed by the third tranche on September 1, 2026.

Specifically, the second tranche, designated as "26 Ninghu Expressway MTN002", achieved a total issuance amount of RMB 500 million. This tranche carries an annual coupon rate of 1.54% and was issued at a price of RMB 100 per unit.

The third tranche, dubbed "26 Ninghu Expressway MTN003", saw a larger total issuance of RMB 1 billion. This tranche carries a slightly higher coupon rate of 1.62%, also with an issue price of RMB 100.

These transactions mark a continued effort by the highway operator to diversify its funding sources in the domestic bond market, leveraging favorable interest rate conditions to secure long-term capital.