Luyin Investment Group (600784.SH) announced on July 31 that it has recently completed the issuance of the first phase of medium-term notes (Sci-Tech Notes) of Luyin Investment Group Co., Ltd. for the year 2024. The interest starts on July 31, 2024, the issuance amount is RMB 0.3 billion, the term is 3+2 years, and the coupon rate is 2.15%.
Bank of Qingdao Co., Ltd. acted as the lead underwriter for this phase of medium-term notes, which were publicly issued through concentrated bookkeeping and centralized distribution on the national interbank bond market. The funds raised will be used to support the development of subsidiaries with the title of Sci-Tech and supplement working capital.