Zhitong Financial and Economic APP News, Tibet City Investment (600773.SH) issued an announcement that in order to promote business development, broaden financing channels, reduce capital costs, and optimize debt structure, the company plans to publicly issue corporate bonds to professional investors. The corporate bonds are issued to professional investors who have the ability to identify and bear the corresponding risks and who comply with the provisions of the Securities Law of the people's Republic of China. Investors subscribe in cash. This time, the bonds will not be given priority to the shareholders of the company.
The maturity of this corporate bond is not more than 7 years (including 7 years). The registered size of the bonds will not exceed 2 billion yuan (including 2 billion yuan), of which the first type shall not exceed 800 million yuan (including 800 million yuan), and the fund raised shall be used to repay the corporate bonds that are due or sold back; the second category shall not exceed 1.2 billion yuan (including 1.2 billion yuan). The funds raised shall be used to repay other interest-bearing liabilities of the company.