Yankuang Energy raises RMB3bn from sci-tech innovation bonds

Yankuang Energy Group Company Limited has announced the successful issuance of its 2025 third tranche of sci-tech innovation bonds, raising RMB3 billion. The company received approval to register the issuance of financing instruments on June 20, 2025, with a term of two years. The funds from the issuance were received by November 14, 2025.

The bonds, abbreviated as 25YankuangnengyuanMTN003 (sci-tech innovation bonds), have a term of 3+N years and an interest rate of 2.06%. The issue price was RMB100 per unit, each with a RMB100 face value. The value date for the issuance was November 14, 2025, with the first coupon rate reset date scheduled for November 14, 2028.

China Merchants Bank Co., Limited served as both the bookrunner and lead underwriter for the issuance, with Industrial Bank Co., Ltd. and China Guangfa Bank Co., Ltd. acting as joint-lead underwriters.