On April 13, Sinochem International successfully launched Sinochem Holdings’ inaugural tech-innovation corporate bond, raising 500 million yuan. This issuance also helped secure its “Sci-Tech Innovation Entity” status.
Aimed at bolstering technology innovation, funds raised from this bond will be precisely directed to support and fuel capital investment in tech projects. This strategic financial initiative is set to enhance Sinochem International’s competitive position in technology innovation, with an eye on achieving technological independence and driving industrial transformation.
The bond, with a three-year term and an interest rate of 2.9%, holds an AAA rating for both the issuer and the bond itself. It was warmly received in the capital market, attracting keen interest from 29 financial institutions and achieving a 3.8-fold oversubscription from 10 final investing institutions. These signaled strong market confidence in Sinochem International’s path of innovative development and credit stability.