Tianshan shares plan to issue bonds in 2026 to raise up to 19.1 billion yuan to optimize the debt structure

Tianshan Materials Co., Ltd. issued a notice on February 6 to disclose its 2026 annual bond issuance plan.

According to the plan, the company and its subsidiaries intend to issue various types of corporate credit bonds in China, including corporate bonds, non-financial corporate debt financing instruments and ABS bonds, with the net increase of short-term bonds not exceeding 5 billion yuan (including), the issuance of medium- and long-term bonds not exceeding 14.1 billion yuan (including), and the total financing scale up to 19.1 billion yuan.

The proceeds will be mainly used to repay interest-bearing debts and supplement the company's working capital. The announcement shows that by the end of 2025, the balance of stock bonds of the company and its subsidiaries was 10.4 billion yuan, all of which were medium and long-term bonds. At present, the company has four AAA-level bond issuance platforms and one AA + level platform, including Southern Cement Co., Ltd., Southwest Cement Co., Ltd. and East China Material Co., Ltd. The issuance plan and related authorization matters have been considered and approved by the board of directors of the company, and are subject to the approval of the shareholders'meeting of the company, and can only be implemented after the registration of the China Securities Regulatory Commission and the National Association of Financial Market Institutional Investors.

The company said that the move was aimed at meeting the capital needs of production and operation, further broadening financing channels and optimizing the financing structure, and would not adversely affect the normal operation and independence of the company.