Ganfeng Lithium completes first tranche green medium-term notes

Ganfeng Lithium (HKEX:1772) announced the successful issuance of its 2025 first tranche of green medium-term notes (sci-tech innovation notes), also known as the "Medium-Term Notes", on April 23, 2025. The issuance garnered RMB800 million, with the notes maturing on April 24, 2028. Carrying an interest rate of 2.55%, the notes were priced at RMB100 per par value of RMB100. CITIC Securities Co., Ltd. served as the bookrunner and lead underwriter, with Industrial and Commercial Bank of China Limited and Bank of China Limited acting as joint lead underwriters. The company intends to utilize the proceeds from the Medium-Term Notes to repay existing interest-bearing debts.