Futian Automobile announced on the evening of June 17 that it disclosed the corporate bond issuance plan. The company will issue a total of no more than 1 billion yuan of corporate bonds. The issuance method is one-time or instalment. The specific issuance scale and issuance method are submitted to the shareholders meeting to authorize the board of directors. The company's capital requirements and market conditions at the time of issue are determined within the above range.
Foton Motor said that the time limit for the issuance of corporate bonds is no more than five years (including five years), and it can be a single-term variety, or a mixed variety of multiple maturities, the specific period composition and the issuance scale of each term can be submitted to the shareholders meeting. The board of directors is authorized to determine according to relevant regulations and market conditions.
The corporate bonds issued this time are fixed-rate bonds. The funds raised are intended to supplement the company's working capital.
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