Beijing Capital Development (600376.SH) plans to privately issue corporate bonds worth no more than 9 billion yuan.

Beijing Capital Development (600376.SH) announced that the company plans to privately issue corporate bonds to professional investors. The total face value of this bond issuance will not exceed 9 billion yuan (including 9 billion yuan), with a maturity period of up to 8 years (including 8 years). The bonds can be of a single maturity or a mix of multiple maturities. The funds raised will be used to repay soon-to-be due (or callable) corporate bonds and other purposes permitted by laws and regulations.