CIMC Enric Bolsters Finances With New Issuances

TipRanksSep 13 09:39 ET

cimc enric (03899.HK) completed the issuance of the second tranche of medium-term notes for 2024 and the first tranche of ultra-short-term financing bills for 2024.

CIMC Enric (03899.HK) announced on September 13th that the company has completed the issuance of the 2024 second medium-term notes of CIMC Enric Holdings Limited in the China Interbank Market on September 11th, 2024. The total issuance scale of the 2024 second medium-term notes is RMB 1.5 billion, with an issuance coupon rate of 2.37% and a maturity period of five years. The proceeds from the issuance of the 2024 second medium-term notes will be used to repay the group's interest-bearing debt and supplement the group's working capital. In addition,

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