On April 22, Jidong Cement issued corporate bonds with a capital of 1 billion yuan, marking the success of the first corporate bond issuance in 2024. The bond has a maturity of 3 + 2 years and a coupon rate of 2.44% (101BP lower than the one-year LPR loan quotation rate of 3.45%), which is the lowest interest rate of credit bonds of the same maturity for local state-owned enterprises in Beijing-Tianjin-Hebei region since 2021.
This bond issue has been promoted in advance, through the promotion of underwriters and the company's initiative, investment institutions actively participate in the amount of funds reported, and the final amount of funds reported has reached 4.93 times the issuance plan, which has achieved the B est results of issuing all kinds of bonds in recent years, fully demonstrating the recognition of investors. It shows the company's integrity in the bond market and excellent timing ability in the financial market.
In the next step, the Company will make full use of the financing platform, continue to implement cost reduction and efficiency enhancement measures, comprehensively promote green credit, green bonds, double carbon bonds and other financing channels, strengthen the fine management and control of funds, optimize the financing structure, improve the efficiency of capital use, continue to reduce capital costs, and help the Company steadily improve its operating results.
