Blue Flame issues CNY 500m in innovation bonds

Shanxi Blue Flame Holding Co., Ltd. (SZSE: 000968) has announced the successful issuance of its 2025 public offering of science and technology innovation corporate bonds (first phase) to professional investors. The issuance, approved by the China Securities Regulatory Commission (CSRC), secured a total of 500 million yuan, achieving an oversubscription ratio of 2.1 times. The bonds carry a coupon rate of 2.40%. The proceeds will be deposited in dedicated accounts at China Everbright Bank and China Minsheng Bank. The company affirmed that related parties did not participate in the bond subscription and that all investors met the required regulatory standards. China Securities Co., Ltd. served as the underwriter for the issuance.