TBEA seeks shareholder approval for diversified debt financing

TBEA Co., Ltd. (TBEA) announced its intention to apply for unified registration and issuance of multi-variety non-financial enterprise debt financing instruments (DFI) with the National Association of Financial Market Institutional Investors. The move aims to broaden financing channels, optimize the capital structure, and reduce financing costs, while maintaining flexibility in the use of financing tools. The DFI program will encompass various instruments, including ultra-short-term commercial paper, short-term commercial paper, medium-term notes, perpetual bonds, asset-backed notes, and green debt financing tools.

Under the proposed plan, the registration phase will not set a specific registration quota. Instead, the issuance scale for each period will be determined by the board of directors, or its authorized personnel, based on market conditions and the company's actual capital requirements. The bonds will have a face value of 100 yuan per instrument, with the coupon rate to be determined through market inquiry results from the interbank market at the time of each issuance.

The board of directors and its authorized personnel (chairman or chief financial officer) will be empowered to handle all aspects of the DFI registration and issuance, including setting the specific scheme, appointing intermediaries, making adjustments based on regulatory or market changes, and executing all related agreements and filings. The authorization will remain valid throughout the registration period of the DFI.