CNBM Plans to Issue Up to RMB 2 Billion in Renewable Corporate Bonds

Stock News10-14

CNBM (03323) has announced that China National Building Material Company Limited intends to publicly issue science and technology innovation renewable corporate bonds (second tranche) for professional investors in 2026, with an issuance size of no more than RMB 2 billion (inclusive of RMB 2 billion).

The bookbuilding range for the coupon rate of Variety One is 1.20%-2.20% (inclusive of both upper and lower limits), while the bookbuilding range for the coupon rate of Variety Two is 1.30%-2.30% (inclusive of both upper and lower limits).

The proceeds from this bond issuance will be used for productive expenditures, including but not limited to repaying interest-bearing debts, supplementing working capital, and project construction and operation, as well as other purposes that comply with relevant laws and regulations.

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