Guangzhou Automobile Group (02238) intends to apply for the registration of debt financing instruments with a total principal amount not exceeding 15 billion yuan.

date
17:51 03/08/2026
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GMT Eight
GAC Group (02238) announced that to further broaden its financing channels, optimize its debt structure, and effectively reduce financing costs, as well as to meet the funding needs of the company's production and operations, the company intends to apply to the National Association of Financial Market Institutional Investors for unified registration and issuance of debt financing instruments (PDFI) with a total principal amount not exceeding 15 billion yuan (including 15 billion yuan), in accordance with relevant laws and regulations and the company's articles of association. The funds raised from this debt financing instrument, after deducting issuance costs, are intended to be used for repaying interest-bearing liabilities, replenishing working capital, equity investments, and other purposes recognized by the National Association of Financial Market Institutional Investors.
Guangzhou Automobile Group (02238) announced that, in order to further expand its financing channels, optimize its debt structure, effectively reduce financing costs, and meet the company's capital needs for production and operations, the company intends to apply to the Bank of China Interbank Market Dealers Association for a unified registration and issuance of debt financing instruments (PDFI) with a total principal amount not exceeding 15 billion yuan (including 15 billion yuan) in accordance with relevant laws and regulations and the company's articles of association. After deducting issuance costs, the funds raised from this debt financing instrument are intended to be used for repaying interest-bearing debts, supplementing working capital, equity investments, and other purposes recognized by the Bank of China Interbank Market Dealers Association.