New Hope Liuhe issues CNY 5bn innovation bonds

New Hope Liuhe (SZSE:000876) announced the successful issuance of its second phase of technology innovation bonds (rural revitalization) for 2025. The issuance, approved during the company’s second extraordinary general meeting on September 26, 2024, saw the company issue bonds worth CNY 5 billion. The bonds, registered with the National Association of Financial Market Institutional Investors under the reference number 中市协注【2024】SCP391号, have a term of 270 days, with an issuance date of June 19, 2025, and a maturity date of March 17, 2026. The bonds carry an issuance interest rate of 1.85% and were priced at CNY 100 per CNY 100 face value. The lead underwriter for the issuance was Bank of Communications, with China Bank and Industrial Bank acting as joint lead underwriters.