China Financial Corporation (03908) announced that China International Finance Corporation Limited's public offering of corporate bonds of no more than 20 billion yuan (including 20 billion yuan) to professional institutional investors has obtained the China Securities Regulatory Commission's “Approval on the Registration of China International Finance Corporation Limited to the Public Issuance of Corporate Bonds to Professional Investors” (Securities Regulatory License [2023] No. 2429). The bonds were underwritten by CITIC Securities Co., Ltd., China Galaxy Securities Co., Ltd., and Societe Generale Securities Co., Ltd., of which the fourth issue scale did not exceed RMB 4 billion (including RMB 4 billion).
The current bond is divided into two types. The first type is a 5-year term, with the option to adjust the coupon interest rate at the end of the year and the right of investors to resell. The second type is a 7-year term, with the coupon interest rate adjustment option and investor resale option at the end of the year. The coupon rate inquiry range is 2.60%-3.60%. The coupon interest rate for this issue of bonds will be determined by consensus within the interest rate inquiry range by the bookkeeping manager in accordance with relevant national regulations based on the bookkeeping results of the offline inquiry.