China Railway (00390) has announced that its subsidiary, China Railway Group Limited, received approval from the Shanghai Stock Exchange and registration consent from the China Securities Regulatory Commission to issue corporate bonds worth up to 50 billion yuan to professional investors. The first series of these bonds, named the 2026 Science and Technology Innovation Perpetual Corporate Bonds, has a term of 5+N years and an issuance scale not exceeding 2 billion yuan. Following a bookbuilding process with institutional investors on April 16, 2026, the company and its lead underwriters finalized the coupon rate for the bond, designated as "26 Iron YK01" with code 245077, at 1.99%. The bonds will be offered to professional investors from April 17 to April 20, 2026, at this rate.