JCET group issues first tranche of medium-term notes for 2025

Jiangsu Changjiang Electronics Technology Co., Ltd. (JCET Group) announced the successful issuance of its 2025 First Tranche Technology Innovation Notes. The issuance, approved by the board in April 2025 and shareholders in May 2025, forms part of a larger plan to issue up to 4.8 bn yuan in medium-term notes.

The company received a registration notice from the National Association of Financial Market Institutional Investors in December 2025, approving the registration of 4.8 bn yuan in medium-term notes valid for two years. The recently completed first tranche had a planned and actual issuance amount of 2.4 bn yuan, with an issue price of 100.00 and an interest rate of 2%. The notes have a 5+5 year term, with the start date on December 26, 2025, and the maturity date on December 26, 2035.

Bank of Communications Co., Ltd. was the lead underwriter and bookrunner for this issuance, with Industrial and Commercial Bank of China Limited and Industrial Bank Co., Ltd. acting as joint lead underwriters.