Hainan Rubber secures RMB 2.5bn debt financing approval

Hainan Rubber Industry Group has secured registration approval for RMB 2.5 billion in debt financing instruments from the National Association of Financial Market Institutional Investors.

The approval covers RMB 1.5 billion in medium-term notes and RMB 1 billion in ultra-short-term financing bills, both valid for two years with China Agricultural Bank as lead underwriter. The company plans to issue the instruments in tranches based on market conditions.