Wuchan Zhongda issues RMB 1.5 bn super short-term commercial paper

Wuchan Zhongda Group Co., Ltd. announced the successful issuance of its 2025 thirteenth tranche of super short-term commercial paper (SCP013). The issuance, completed on December 16, 2025, has a total actual issuance amount of RMB 1.5 billion, aligning with the planned issuance. The commercial paper has a term of 177 days, with an interest rate of 1.64% and an issuance price of 100.00 yuan per 100 yuan face value. The start date is December 17, 2025, and the maturity date is June 12, 2026.

This issuance follows the company's approval for registration and issuance of debt financing instruments by the China interbank market Traders Association (NAFMII) on December 5, 2024. The registration is valid for two years from the notification date, allowing for the staged issuance of various debt instruments including super short-term commercial paper, short-term commercial paper, medium-term notes, perpetual bonds, asset-backed notes, and green debt financing instruments.

China Everbright Bank Co., Ltd. served as the lead underwriter, with Hangzhou Bank Co., Ltd. acting as the joint lead underwriter for this issuance. The company's board of directors approved the application for registration and issuance of 2024-2026 debt financing instruments on April 26, 2024, which was further approved by shareholders on May 21, 2024.