Zhongding Sealing Parts issues ¥500m in innovation bonds

Anhui Zhongding Sealing Parts Co., Ltd. (Zhongding Sealing Parts) has successfully issued its first tranche of 2025 medium-term notes. The company had received approval from the China Interbank Market Traders Association to register and issue medium-term notes, with a total registered amount of ¥1 billion valid for two years from September 26, 2025.

The first tranche, a technology innovation bond, was publicly issued in the national interbank bond market from November 7 to November 10, 2025. The issuance amount was ¥500 million, with a 3-year term and an issuance rate of 1.88%.

CITIC Bank served as the lead underwriter for this issuance, supported by a syndicate including Industrial and Commercial Bank of China, Bank of China, Pudong Development Bank, Hangzhou Bank, China Minsheng Bank, Zheshang Bank, Agricultural Bank of China, Industrial Bank, China Construction Bank, and Postal Savings Bank of China. All funds raised from this issuance were received by the payment date of November 11, 2025.