CNBM (03323) Plans to Issue Up to RMB2 Billion Corporate Bonds

Stock News01-19 22:28

China National Building Material Company Limited (03323) has announced its intention to issue the first tranche of its 2026 public offering of technology innovation corporate bonds targeted at professional investors.

The issuance scale is set not to exceed RMB2 billion, inclusive of the upper limit. This bond offering comprises two varieties: Variety One is a 3-year fixed-rate bond, while Variety Two is a 5-year fixed-rate bond.

The book-building range for the coupon rate of Variety One is 1.40% to 2.40%, inclusive of the upper and lower limits. The book-building range for the coupon rate of Variety Two is 1.50% to 2.50%, also inclusive of the limits.

The funds raised from this bond issuance will be allocated towards the repayment of interest-bearing debt.

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