Summary by Futu AI
China International Financial Co., Ltd. announced on November 25, 2024 that it will issue non-public corporate bonds (first tranche) to professional investors in an amount not exceeding RMB 3 billion. The quoted interest rate for the bond is between 1.50%-2.50% and the final rate will be determined by the principal underwriter based on the results of the bookkeeping profile. The JCC's current bond issue is not creditworthy and has a stable credit rating of AAA rated by China Integrity International.This bond issue uses a book-keeping method and is aimed only at professional institutional investors with the appropriate risk identification and capacity to assume risks, with no more than 200 issuers. Individual investors among ordinary investors and professional investors are not allowed...Show More