The inaugural "Technology Innovation + New Materials Industry" themed corporate bond in China has been successfully issued with the investment participation of CBHB. The bank provided financial support to aid the financing development of a key enterprise in the high-end new materials sector. This bond issuance is a significant financing project for Western Superconducting Technologies Co., Ltd. in the exchange market.
The total issuance size was 10 billion yuan, featuring two tranches with three-year and five-year tenors. The offering was met with strong market demand, achieving subscription multiples of 6.16 times and 3.5 times for the respective tranches. Western Superconducting is a pivotal enterprise in China's high-end new materials field.
The company specializes in three core areas: superconducting materials, high-end titanium alloys, and high-performance superalloys. It holds the distinction of being the world's only enterprise capable of the full-process production from niobium-titanium ingots to superconducting wires and magnets. Its multiple core technologies have broken foreign monopolies, providing essential material support for critical sectors including aerospace, advanced medical equipment, and semiconductors.
This bond issuance aligns precisely with national strategies for revitalizing the new materials industry and achieving technological self-reliance. CBHB's involvement in this investment represents a concrete step in fulfilling its responsibilities as a financial institution. It demonstrates the bank's focus on supporting China's strategic emerging industries and empowering the high-quality development of the real economy.
Moving forward, CBHB will continue to align with policy directives. The bank remains committed to concentrating its efforts on key national strategic areas such as technological innovation, advanced manufacturing, and new materials. CBHB aims to comprehensively enhance the quality and efficiency of its integrated financial services, leveraging its professional financial capabilities to support industrial upgrading and the pursuit of technological self-sufficiency.
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