Ganfeng Lithium issues first tranche of green short-term commercial papers

Ganfeng Lithium Group Co., Ltd. announced the successful issuance of its 2025 first tranche green short-term commercial papers on November 4, 2025. The issuance, with a proposed and actual amount of RMB710 million, carries an interest rate of 2.38% and has a term of 180 days, maturing on May 4, 2026. The issue price was RMB100 per par value of RMB100.

The proceeds from these short-term commercial papers will be used to repay interest-bearing debts related to the company’s green projects that are due, and for the purchase of waste power batteries. This aligns with the company's objective to optimize its debt structure, broaden financing channels, and reduce financing costs to support business development.

Industrial Bank Co., Ltd. served as both the bookrunner and lead underwriter, with Agricultural Bank of China Limited, Bank of Communications Co., Ltd, and Shanghai Pudong Development Bank Co., Ltd acting as joint lead underwriters. The issuance follows the acceptance of registration by the National Association of Financial Market Institutional Investors for RMB1.5 billion in short-term commercial papers.