China Coal Energy (01898) plans to issue corporate bonds of no more than 3 billion yuan.

China Coal Energy (01898) announced that China Coal Energy Co., Ltd. (hereinafter referred to as the "issuer," "company," or "China Coal Energy") publicly issued company bonds not exceeding RMB 10 billion (including RMB 10 billion) in November 2023, It has obtained the approval of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") "CSRC License [2023] No. 2493". The issuer issued the bonds in stages, with China Coal Energy Co., Ltd. issuing technology innovation corporate bonds open to professional investors in 2025 as the first phase (hereinafter referred to as the "current bonds") being the second phase, and the issuance size not exceeding RMB 30 billion (including RMB 30 billion). The current bonds are divided into two types, type one being a 5-year fixed-rate bond and type two being a 15-year fixed-rate bond. The current bonds introduce an inter-type call option, with no restrictions on the call-back ratio. The issuer and lead underwriter will negotiate and agree on the call-back option among different types based on the subscription situation of the current bonds, and determine the final issuance size. The current bonds are fixed-rate bonds, and the bond coupon rate will be determined through negotiations between the company and the bookrunner in accordance with relevant regulations, based on the results of the off-market inquiry book. The bookbuilding range for the coupon rate of type one of the current bonds is 1.80%-2.50%, while for type two, it is 2.00%-2.70%. The issuer and the bookrunner will conduct a rate inquiry to off-market investors on March 11, 2025 (T-1 day) via a bookbuilding process, and determine the final coupon rate of the current bonds based on the bookbuilding results.