TBEA issues CNY 5bn in short-term innovation bonds

TBEA announced the successful issuance of its first ultra-short-term financing bonds for 2025, raising CNY 5 billion. These bonds, classified as "innovation bills", carry the bond code 012580915. With a face value of CNY 100 each, the bonds have a term of 210 days and an interest rate of 1.80%, calculated as a fixed rate. The issuance follows the approval of a CNY 20 billion ultra-short-term financing plan by the company's shareholders in March 2023 and subsequent registration with the National Association of Financial Market Institutional Investors (NAFMII) in April 2023. The raised funds have been fully secured.