Baoshan Iron & Steel gets nod for RMB 200 bn bond issuance

Baoshan Iron & Steel Co., Ltd. announced on September 9, 2025, that it has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue corporate bonds to professional investors. The approval permits the company to issue bonds with a total face value not exceeding RMB 200 billion. This follows a resolution passed at the company's 2024 annual general meeting on May 20, 2025, which approved the bond issuance plan.

The CSRC's approval is valid for 24 months from the date of registration, allowing Baoshan Iron & Steel to issue the bonds in tranches within this period. The company is required to adhere strictly to the submitted prospectus filed with the Shanghai Stock Exchange for the issuance.

Baoshan Iron & Steel has committed to actively advance the relevant work and fulfill its information disclosure obligations promptly, especially regarding any significant events that may occur before the bond issuance concludes.