Hengan International Group Company Limited (1044) completed the issuance of its first tranche of corporate bonds on 4 December 2025. The principal amount of the bonds was RMB1.0 billion, carrying a fixed coupon rate of 1.8% per annum with a one-year term.
The issuance followed the approval by the China Securities Regulatory Commission, which authorized total corporate bonds of up to RMB10.0 billion. The outstanding unissued amount is RMB9.0 billion. Proceeds from the first tranche are intended for supplementing working capital for Hengan International Group Company Limited and its subsidiaries, as well as repaying bank loans of certain domestic subsidiaries.
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