Spring Airlines secures CSRC approval for $2 bn bond issuance

Spring Airlines Co., Ltd. announced it has obtained approval from the China Securities Regulatory Commission (CSRC) for the registration of its public issuance of corporate bonds to professional investors. The CSRC approval grants the company permission to issue corporate bonds with a total face value not exceeding $2 billion.

The approval is valid for 24 months from the registration date, during which Spring Airlines may issue the bonds in tranches. The issuance must strictly adhere to the prospectus submitted to the Shanghai Stock Exchange.

Spring Airlines has committed to handling the bond issuance in accordance with relevant laws, regulations, and the requirements of the CSRC approval, as well as the authorization from its shareholders' meeting. The company also confirmed its responsibility to disclose information promptly if any significant events occur before the completion of the bond issuance.