Yankuang Energy raises 3 bn yuan with tech innovation bonds

Yankuang Energy Group Co. announced the successful issuance of its 2025 third tranche of technology innovation bonds. The issuance, which occurred on November 13, 2025, raised 3 billion yuan. The funds were received by November 14, 2025. The bonds have a maturity of 3+N years and an initial coupon rate of 2.06%.

The company received approval for the registration of its debt financing instruments from the National Association of Financial Market Institutional Investors on June 20, 2025, with a validity period of two years.

China Merchants Bank Co. served as both the bookrunner and lead underwriter for the issuance. Industrial Bank Co. and Guangfa Bank Co. acted as joint lead underwriters.