Summary by Futu AI
China Building Materials Co., Ltd. announced that it has obtained the approval of the China Securities Regulatory Commission to publicly issue corporate bonds in an amount not exceeding RMB 20 billion to professional investors. In 2024, the company will issue technology innovation corporate bonds (the fourth tranche) not exceeding RMB 1 billion, divided into two types, with maturities of 2 years and 5 years respectively. On September 18, 2024, the company and the lead underwriter completed the quotation of the face rate to professional institutional investors, and the final face rate for the second type was determined to be 2.19%, while the first type was not actually issued. This issue of bonds will be privately placed to professional institutional investors on September 19, 2024.