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%.
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