CNBM (03323) plans to issue no more than 2 billion yuan in corporate bonds for technological innovation.
China National Building Materials (03323) announced that China National Building Materials Corporation will publicly issue a technology innovation corporate bond (the fifth phase) aimed at professional investors in 2026 (hereinafter referred to as "the bonds for this phase"), which will be the seventh issuance of these bonds. The issuance scale shall not exceed 2 billion yuan (including 2 billion yuan). These bonds are intended to be publicly issued to professional institutional investors and are expected to be listed on the Shanghai Stock Exchange. The bonds of type one are referred to as "Building Materials K25," with the bond code 245903.SH; the bonds of type two are referred to as "Building Materials K26," with the bond code 245904.SH.
CNBM (03323) announced that CNBM Co., Ltd. will publicly issue the 2026 corporate bonds for scientific and technological innovation (Phase V) aimed at professional investors, referred to as this bond issue, which is the seventh issuance of these bonds, with an issuance scale not exceeding 2 billion yuan (including 2 billion yuan). This bond issue is intended for public issuance to professional institutional investors and is planned to be listed on the Shanghai Stock Exchange. The abbreviation for the first type of bonds in this issue is Jian Cai K25, with the bond code 245903.SH; the abbreviation for the second type of bonds is Jian Cai K26, with the bond code 245904.SH.
The first type of bond in this issue is a 3-year fixed-rate bond, while the second type is a 5-year fixed-rate bond. This bond issue introduces a choice for inter-type allocation, with no restrictions on the allocation ratio. The issuer and the bookkeeper will agree, based on the subscription situation of this bond issue within the total issuance scale, on whether to exercise the inter-type allocation option, which means reducing the issuance scale of one type of bond while increasing the issuance scale of the other type by the same amount. The maximum allocation scale for a single type does not exceed 100% of its maximum issuance scale.
The book-building rate range for the first type of bonds in this issue is set between 1.20% and 2.20% (including both limits), and for the second type of bonds, it is set between 1.30% and 2.30% (including both limits). The final coupon rate will be determined by the issuer and the lead underwriter through the book-building method in accordance with relevant national regulations. The issuer and the lead underwriter will conduct book-building inquiries with professional institutional investors on August 18, 2026 (T-1 day), and based on the inquiry results, the final coupon rate for this bond issue will be determined.
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