Northern Rare Earth gets NAFMII approval for RMB 2.5 bn debt financing

China Northern Rare Earth Group High-Tech has announced the approval for registration of non-financial corporate debt financing instruments totaling RMB 2.5 billion in the interbank bond market. The National Association of Financial Market Institutional Investors (NAFMII) approved RMB 1.5 billion for medium-term notes and RMB 1.0 billion for super short-term commercial papers, with registration valid for two years.

This financing initiative, approved by the company's board on April 18, 2025, and at the 2024 annual general meeting on May 19, 2025, aims to meet operational capital needs, optimize the debt structure, and reduce financial expenses. China Merchants Bank Co., Ltd. will underwrite the medium-term notes, and Bohai Bank Co., Ltd. will underwrite the super short-term commercial papers.

The company will proceed with the issuance based on capital requirements and market conditions, adhering to all relevant disclosure obligations and regulatory requirements. Funds will be used strictly according to disclosed purposes, with any changes requiring prior disclosure, in compliance with legal and policy demands.