Naura plans $2.1bn public bond offering

Naura Technology Group (SZSE:002371) announced its plans to publicly offer corporate bonds to professional investors to raise up to RMB 15 billion (approximately $2.1 billion). The decision was made at the company's board and supervisory meetings on March 13, 2025. The bond issuance is subject to approval by shareholders at an upcoming general meeting, as well as regulatory approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission. Proceeds from the bond sales will be used to supplement working capital, repay maturing debt, fund project construction, strategic investments and other legally permissible uses.