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China Merchants Shekou to Delist 2.50 Billion Yuan Bonds After Interest Payment

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China Merchants Shekou Industrial Zone (SHE:001979) said bonds worth 2.50 billion yuan will be delisted after interest is paid on Aug. 24, according to a Shenzhen bourse filing on Thursday.

The three-year bonds, which were issued in August 2023, carry a coupon rate of 2.79%.

After tax withholding, interest payable to bondholders is 22.32 yuan per lot, with payment to investors registered as of Aug. 21.

The property developer's shares fell 2% during Friday afternoon trade.

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