Beijing Shougang to issue CNY5bn in green tech bonds

Beijing Shougang Co., Ltd. (SZSE:000959) is set to issue CNY5 billion in green technology innovation corporate bonds to professional investors, as per its 2025 public offering plan. The initial phase of the bond issuance, approved by the China Securities Regulatory Commission (CSRC), targets institutional investors with qualified A-share accounts on the Shenzhen Stock Exchange. The proceeds will be used to replace existing funds allocated to green initiatives, aiming for more environmentally sustainable operations. A number of well-known securities firms will act as lead underwriters for this issue. Among the key projects tied to the bond offering are the following: near-zero emissions smelting upgrades, improvements to ball milling's flue gas management, energy efficiency improvements across the production lines, and efforts to enhance resource utilization at the enterprise's main production center. The first batch of bonds under this scheme will be available for subscription starting July 1, 2025.