On April 11th, Shaanxi Construction Machinery Co., Ltd. (hereinafter referred to as "Construction Machinery") successfully issued the first medium-term note (Science and Technology Innovation Note) for the year 2024, marking the first successful debut of Construction Machinery's public bond offering in the interbank bond market.
This medium-term note, abbreviated as "24 Shaanxi Machinery MTN001 (Science and Technology Innovation Note)", is issued with a scale of 1 billion yuan, a coupon rate of 2.65%, a full subscription multiple of 5.94 times, a bond rating of AAA, and an issuance period of 3 years. It is jointly and severally guaranteed by Shaanxi Coal and Chemical Group Co., Ltd. (hereinafter referred to as "Shaanxi Coal Group"), and the exclusive underwriter is China Merchants Bank.
The successful issuance of this medium-term note highlights the company's low-cost financing advantage and once again reflects the high recognition of construction machinery in the capital market. While expanding the company's financing channels and optimizing its debt structure, it also provides strong support for the company's steady development.
Construction Machinery was listed on the Shanghai Stock Exchange in 2004 (stock code: 600984). As the only listed enterprise in the equipment manufacturing sector of Shaanxi Coal Group, under the correct leadership and strong support of Shaanxi Coal Group, it closely focuses on the vision goal of "building a first-class engineering machinery manufacturer and lessee", continuously stimulates and releases the vitality of mixed ownership reform, vigorously promotes quality improvement, cost reduction, and efficiency creation, accelerates the implementation of transformation and upgrading measures, and continuously deepens the work of "manufacturing+leasing services+remanufacturing" industry supply chain extension and strengthening. The company will take the successful issuance of this medium-term note as an opportunity to further strengthen strategic goal coordination, optimize internal scientific management, increase cooperation between internal and external markets, accelerate product technology innovation and research and development, leverage the capital market platform, continuously accumulate high-quality development potential, and help achieve the company's high-quality transformation and development.
