Summary by Futu AI
China Building Materials Corporation announced that, according to the approval of the China Securities Regulatory Commission, the company will publicly issue technology innovation corporate bonds not exceeding RMB 20 billion for professional investors in 2024. This issuance is the fifth phase of the staggered issuance, with a scale of not more than RMB 2 billion, divided into two types: 3-year and 5-year. On October 30, 2024, the company and the lead underwriter completed the pricing inquiry of the face interest rate for professional institutional investors, setting the face interest rate of type one of the 3-year term at 2.30%, while type two was not actually issued. The company will privately issue this bond to professional institutional investors offline on October 31, 2024 at this interest rate.