New Hope Liuhe issues CNY 50m rural revitalization bonds

New Hope Liuhe Co., Ltd. successfully issued its 2025 Third Tranche Science and Technology Innovation Bonds (Rural Revitalization) on October 23, 2025. The bonds, with a total issuance of CNY 50,000,000.00, carry an interest rate of 1.80% and an issue price of 100.00 per 100 yuan face value. The tenor of these bonds is 270 days, with a value date of October 24, 2025, and a redemption date of July 21, 2026.

The issuance was approved following a resolution passed at the company's second extraordinary general meeting in 2024, which authorized the application to the National Association of Financial Market Institutional Investors (NAFMII) for the registration and issuance of short-term commercial papers totaling CNY 20,000,000.00. NAFMII granted registration for the short-term commercial papers on September 26, 2024, valid for two years.

Industrial Bank Co., Ltd. served as the lead underwriter for this bond issuance, with Bank of Communications Co., Ltd., Bank of Tianjin Co., Ltd., and China Bohai Bank Co., Ltd. acting as joint lead underwriters.