Yankuang energy issues RMB3 bn in sci-tech innovation bonds

Yankuang Energy Group Company Limited has successfully issued its 2025 second tranche of sci-tech innovation bonds, raising RMB3 billion. The issuance, approved for registration on June 20, 2025, has a two-year term, with the full amount received by October 29, 2025. These bonds carry an interest rate of 1.96% and an issue price of RMB100 per unit.

China Merchants Bank Co., Limited served as the bookrunner and lead underwriter, with Industrial Bank Co., Ltd. and Bank of Communications Co., Ltd. as joint-lead underwriters. The bonds, abbreviated as "25YankuangnengyuanMTN002 (sci-tech innovation bonds)," have a value date of October 29, 2025, and their first coupon rate reset date is October 29, 2027.

Further details are available on the websites of Chinamoney and the Shanghai Clearing House. The company’s board of directors includes chairman Li Wei, alongside other executive and independent non-executive directors.