Recently, ZTE Corporation***, with Guotai Junan as the lead underwriter, successfully issued scientific and technological innovation corporate bonds (Phase I) to professional investors in 2024 on the Shenzhen ** Stock Exchange. This issue of bonds is the first appearance of ZTE in the exchange market.
The subscription multiple of the bonds reached 355 times, coupon rate 280%, with an issuance scale of 1 billion yuan, an issuance period of 5 years, with the issuer's option to adjust the coupon rate at the end of the third year and the investor's option to sell back, the raised funds are intended to be used to repay interest-bearing debts, and the remaining part is intended to be used to supplement the company's 5G industry, enterprise digitalization, new energy storage, new energy materials business and other daily production and operation of working capital. The successful issuance of this bond will help the issuer grasp the opportunity of the deep integration of the digital economy and green and low-carbon development, further optimize the asset-liability structure, and gain long-term momentum in digitalization to promote efficiency reform and low-carbon to lead the green transformation.
In the future, Guotai Junan will continue to uphold the concept of "serving the country with finance", promote the deep integration of the innovation chain, industrial chain and capital chain, serve the real economy, guide funds to invest in the country's core science and technology innovation fields, serve the investment and financing needs of science and technology innovation subjects, and make greater contributions to serving high-level science and technology self-reliance and self-reliance.
Further reading: ZTE is committed to building a value-driven organization that combines industrial operation and capital operation, strengthening strategic guidance, and promoting value creation, and is a pioneer in China's digital economy industry and new energy industry investment. In the direction of the new energy industry, the company focuses on innovative technologies and leads the development of green energy in China with Peneng Technology and ZTE New Materials as the core, electrochemical energy storage and power battery materials as the focus.