Lianchuang Electronic issues first 2025 tech innovation bond

Lianchuang Electronic Technology Co., Ltd. announced the successful issuance of its 2025 First Tranche Technology Innovation Bonds, with all raised funds received by August 29, 2025. The bonds, named "Lianchuang Electronic Technology Co., Ltd. 2025 First Tranche Technology Innovation Bonds," have a code of 012582120.

The total planned and actual issuance amount was CNY 3,000.00, with an issuance price of CNY 100.00 per hundred-yuan face value. The bonds carry an interest rate of 2.8% and a term of 182 days, starting August 29, 2025, and maturing February 27, 2026. The company stated that the proceeds from these ultra-short-term financing bonds will be used to repay existing borrowings.

The issuance was underwritten by Jiangxi Bank Co., Ltd., which also served as the bookrunner. This issuance follows the company's approval by the China National Association of Financial Market Institutional Investors (NAFMII) for a total registration amount of CNY 500 million for ultra-short-term financing bonds, effective for two years from September 2, 2024. As of the announcement date, the company confirmed it is not listed as an untrustworthy entity.