China Longyuan (00916) announced that the company has completed the issuance of its commercial paper (this commercial paper) on July 23, 2024. The total amount of this commercial paper is RMB 2.6 billion, with a term of 210 days, a unit face value of RMB 100, and a coupon rate of 1.75%. Interest will be calculated from July 24, 2024.
Industrial Bank Co., Ltd. acted as the lead underwriter and publicly issued the commercial paper. The funds raised by this commercial paper will mainly be used to repay interest-bearing debts of the issuer and its subsidiaries, as well as to supplement the working capital of the issuer and its subsidiaries.
