Fuyao Glass raises 500m yuan in second issuance of 2025 short-term notes

Fuyao Glass Industry Group Co., Ltd. announced the successful issuance of its second tranche of super short-term commercial papers for 2025, designated as "25 Fuyao Glass SCP002." The issuance took place on September 11, 2025, in the national interbank market. The total amount raised was 500 million yuan, with a term of 270 days. The issuance price was set at 100 yuan (per 100 yuan face value), featuring an annual interest rate of 1.75%. The settlement date is September 12, 2025, with principal and interest to be repaid in a lump sum at maturity.

This issuance is part of a larger 2 billion yuan super short-term commercial paper registration approved by the China National Association of Financial Market Institutional Investors (NAFMII) on February 6, 2024. The approval, valid for two years, allows the company to issue such papers in tranches. The lead underwriter for this specific tranche was Bank of Communications Co., Ltd.

The primary purpose of the funds raised from this issuance is to repay the company's existing financial institution borrowings, reinforcing its financial structure. Related documents are accessible on the China Foreign Exchange Trade System and Shanghai Clearing House websites.