Summary by Moomoo AI
China Building Materials Co., Ltd. announced that it has been approved by the China Securities Regulatory Commission to publicly issue corporate bonds of up to RMB 20 billion to professional investors. In 2024, the company will issue technology innovation corporate bonds (fourth phase) of no more than RMB 1 billion, divided into two types, with maturities of 2 years and 5 years respectively. On September 18, 2024, the company and the lead underwriter completed the quotation of the face interest rate for professional institutional investors for Type 2, with the final face interest rate determined to be 2.19%, while Type 1 was not actually issued. This bond will be privately placed to professional institutional investors on September 19, 2024.