Hubei Yihua Chemical secures approval for RMB 2bn perpetual medium-term notes

Hubei Yihua Chemical Industry Co., Ltd. recently announced it has obtained approval for the registration of its perpetual medium-term notes from the National Association of Financial Market Institutional Investors (NAFMII).

The approved registration amount for the medium-term notes is RMB 20亿元, with the registration valid for two years from the date of the notice. CITIC Bank Corporation Limited and Shenwan Hongyuan Securities Co., Ltd. will serve as the joint lead underwriters for the issuance. The company intends to issue the notes in tranches within the registration's validity period.

Hubei Yihua Chemical Industry commits to managing the issuance according to authorized resolutions and regulatory requirements. Upon completion of each issuance, the results will be disclosed via channels approved by NAFMII. The company will strategically schedule the issuance based on its funding needs and market conditions, ensuring timely information disclosure.