CNBM Successfully Issues 2 Billion Yuan Technology Innovation Corporate Bonds

Stock News03-09

CNBM (03323) has announced the completion of its corporate bond issuance. According to the issuance announcement for the 2026 Technology Innovation Corporate Bonds (Second Tranche) offered to professional investors, the total issuance scale was set at no more than 3 billion yuan. The bond issuance was divided into two series: Series 1 with a 3-year term and Series 2 with a 5-year term. The bonds included an inter-series reallocation option with no limit on the reallocation ratio. The issuer and the bookrunner determined whether to exercise this option based on subscription demand, within the total issuance amount. The bonds were issued through a private placement to professional institutional investors via a book-building process, and the issuance was finalized on March 9, 2026. Series 1 was not ultimately issued, while Series 2 was successfully issued with an amount of 2 billion yuan, a subscription multiple of 2.18 times, and a final coupon rate of 1.85%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment