CNBM (03323) successfully issued 3 billion yuan in corporate bonds.

CNBM (03323) announced that it has obtained approval from the China Securities Regulatory Commission (CSRC) License [2024] No. 13 to publicly issue corporate bonds with a total face value not exceeding RMB 20 billion to professional investors in a phased manner. According to the "CNBM Co., Ltd. 2025 Public Issuance Announcement of Technology Innovation Subordinated Corporate Bonds (Phase 1) for Professional Investors", the issuance scale of the CNBM Co., Ltd. 2025 Public Issuance of Technology Innovation Subordinated Corporate Bonds (Phase 1) to professional investors is not more than RMB 30 billion. This phase of bonds is divided into two types, with Type 1 having a term of 3+N years and Type 2 having a term of 5+N years. This phase of bonds introduces the option of inter-category recall with no restrictions on the recall ratio. The issuer and the bookkeeping manager will decide whether to exercise the inter-category recall option based on the subscription situation within the total issuance scale, through negotiation and agreement. The issuance price of this phase of bonds is RMB 100 per unit, and they are issued through a subscription and sale method to professional institutional investors as stipulated in the "Regulations on the Issuance and Trading Management of Corporate Bonds" and the "Shanghai Stock Exchange Bond Market Investor Suitability Management Measures (Revised in 2023)". The issuance of this phase of bonds to professional institutional investors through subscription and sale was completed on February 24, 2025. The actual issuance amount for Type 1 bonds was RMB 20 billion, with a subscription multiple of 2.39 and a final coupon rate of 2.08%. The actual issuance amount for Type 2 bonds was RMB 10 billion, with a subscription multiple of 2.37 and a final coupon rate of 2.13%. The directors, senior management personnel, shareholders holding more than 5% of the shares, and other related parties of the issuer did not participate in the subscription of this phase of bonds. The underwriting institutions for this phase of bonds, CITIC SEC Co., Ltd., Shenwan Hongyuan Group Securities Co., Ltd., Ping An Securities Co., Ltd., Huatai United Securities Co., Ltd., and their related parties have collectively subscribed RMB 15.1 billion for this phase of bonds.