Summary by Futu AI
China Daitang Group New Energy Co., Ltd. (“Daitang New Energy”) completed the public offering of its 2024 Renewable Corporate Bond (First Issue) on 18 March 2024 and successfully raised RMB10 billion in capital. The base term of the company's bonds is 3 years, the bill amount is RMB 100, the issue rate is 2.63%, and the starting date is the same as the issue date. CITIC SECURITIES CO., LTD. IS THE LEAD UNDERWRITER AND IS JOINTLY UNDERWRITTEN WITH SEVERAL OTHER SECURITIES COMPANIES. Funds raised will be used to repay maturing interest-bearing debt or to replace funds that have been used to repay corporate bonds. This bond issue does not constitute a public subscription or purchase offer of any securities.