Summary by Moomoo AI
China Building Materials Corporation announced that, according to the approval of the China Securities Regulatory Commission, the company will publicly issue technology innovation corporate bonds not exceeding 20 billion yuan for professional investors in 2024. This issuance is the fifth phase of the phased issuance with a maximum scale of 2 billion yuan, divided into two varieties of 3-year and 5-year terms. On October 30, 2024, the company and the lead underwriter completed the face interest rate inquiry for professional institutional investors, determining the face interest rate of variety one with a 3-year term as 2.30%, while variety two was not actually issued. The company will privately issue this tranche of bonds to professional institutional investors at the rate on October 31, 2024.
