Putailai issues second tranche of super short-term commercial paper

Shanghai Putailai New Energy Technology Co., Ltd. (Putailai) announced the successful issuance of its 2025 second tranche of super short-term commercial paper (SCP) on October 13, 2025. The SCP, identified as "25 Putailai SCP002," has a maturity of 270 days, with an interest rate of 1.90%. The actual issuance amounted to RMB 600 million, priced at RMB 100 per RMB 100 face value. The SCP will be listed on October 15, 2025, with an interest accrual date of October 14, 2025, and a redemption date of July 11, 2026.

This issuance is part of a larger RMB 2 billion registration for super short-term commercial paper, approved by the China Interbank Market Dealers Association (CIMDA) on August 28, 2025. The registration is valid for two years, allowing Putailai to issue the paper in tranches.

The lead underwriter for this issuance is Industrial Bank Co., Ltd., with joint lead underwriters including China Merchants Bank Co., Ltd., Bank of Shanghai Co., Ltd., Ping An Bank Co., Ltd., and Shanghai Pudong Development Bank Co., Ltd.