Yili issues CNY 5bn in ultra-short-term bonds

Inner Mongolia Yili Industrial Group (SSE:600887) announced the successful issuance of its sixth and seventh tranches of ultra-short-term financing bonds for 2025. The issuances align with shareholder approval from May 20, 2024, to increase the company's multi-category debt financing instrument (DFI) issuance scale by CNY 5 billion. Both tranches have a principal amount of CNY 3 billion and CNY 2 billion respectively, with a term of 21 days and an interest rate of 1.46%. The bonds will mature on June 27, 2025. China CITIC Bank acted as the book-runner and lead underwriter for the sixth tranche, while Industrial Bank served in those roles for the seventh tranche. The issuance is part of Yili's plan to utilize its registered DFI quota approved by the National Association of Financial Market Institutional Investors (NAFMII).