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The Economic Information Daily reported on the 9th that China National Building Material (03323) announced the issuance of its 2026 first series of publicly offered, renewable corporate bonds for sci-tech innovation targeted at professional investors, with an issuance amount of 1.5 billion yuan (RMB, same below), reaching the planned upper limit.
The group stated that the bonds were issued through off-exchange book-building and allocation to professional institutional investors, and the issuance concluded yesterday. Series 1 of the bonds was not issued; Series 2 was issued for 1.5 billion yuan, oversubscribed by 0.67 times, with a coupon rate of 1.7% and a term of 5+N years. The issuer's directors, senior management, shareholders holding more than 5% of shares, and other related parties did not participate in the bond subscription. The bond underwriters and their related parties collectively subscribed to 950 million yuan worth of bonds, accounting for 63.3% of the total issuance amount. (wh)
The group stated that the bonds were issued through off-exchange book-building and allocation to professional institutional investors, and the issuance concluded yesterday. Series 1 of the bonds was not issued; Series 2 was issued for 1.5 billion yuan, oversubscribed by 0.67 times, with a coupon rate of 1.7% and a term of 5+N years. The issuer's directors, senior management, shareholders holding more than 5% of shares, and other related parties did not participate in the bond subscription. The bond underwriters and their related parties collectively subscribed to 950 million yuan worth of bonds, accounting for 63.3% of the total issuance amount. (wh)
