Summary by Futu AI
China Building Materials Co., Ltd. announced that it will issue corporate bonds of no more than RMB200 billion to professional investors in 2024, approved by the China Securities and Exchange Commission. The bond will be issued in installments, where the first issue will be no more than $20 billion, divided into two varieties, with a maturity of 2 years and 3 years, respectively. On April 23, 2024, the company and the main underwriter completed a tariff rate inquiry for professional institution investors, ultimately determining the bill rate of 2.18% for category one and 2.29% for type two. The bond will be issued online to professional institutional investors on 24 April 2024.