CNBM intends to issue corporate bonds not exceeding 2 billion yuan.

CNBM (03323) announced that CNBM Limited (hereinafter referred to as the "issuer" or "company") has obtained the approval from the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") to register the public issuance of corporate bonds with a total amount not exceeding RMB 20 billion, including RMB 20 billion. In 2025, CNBM Limited will publicly issue the Technology Innovation Corporate Bonds (Series 1) for professional investors, which is the sixth issuance of the bond with a scale not exceeding RMB 20 billion, including RMB 20 billion. The Series 1 bond is planned to be issued to professional institutional investors and listed on the Shanghai Stock Exchange. The bond abbreviation for Series 1 is Materials K11, with a bond code of 242295.SH, and the bond abbreviation for Series 2 is Materials K12, with a bond code of 242296.SH. The issuer will issue this series of bonds with a scale not exceeding RMB 20 billion, including RMB 20 billion. Each bond has a face value of RMB 100, with an issue price of RMB 100 per bond. The actual issuance scale will be determined based on subscription conditions by the issuer and the lead underwriter. This series of bonds consists of two types, with a maturity period of 3 years for Type 1 and 5 years for Type 2. A call option between types is introduced, with no restrictions on the call ratio. The issuer and the bookrunner will negotiate within the total issuance scale and decide whether to exercise the call option based on the subscription situation. The face interest rate range for Type 1 is 1.40%-2.40% and for Type 2 is 1.50%-2.50%. The final face interest rate will be determined through bookbuilding by the issuer and the lead underwriter in accordance with national regulations. The issuer and the lead underwriter will conduct bookbuilding inquiries with professional institutional investors on January 9, 2025 (T-1), and determine the final face interest rate of this series of bonds based on the inquiry results.