Guangzhou Automobile Group (601238.SH) plans to issue no more than 15 billion yuan in debt financing instruments.

Guangzhou Automobile Group (601238.SH) announced that in order to further expand financing channels, optimize debt structure, effectively reduce financing costs, and meet the company's funding needs for production and operations, the company plans 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). The instruments include ultra-short-term financing bonds, short-term financing bonds, medium-term notes, and perpetual notes. After deducting issuance costs, the raised funds are intended to be used for repaying interest-bearing debts, replenishing working capital, and equity investments, among other purposes.