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C&D Emerging Industry Equity Investment Successfully Issues Technology Innovation Corporate Bonds
2023/11/24
On November 23, C&D Emerging Industry Equity Investment successfully issued its 2023 technology innovation corporate bonds (first issue) to professional investors. This issuance marks the first public debut of C&D Emerging Industry Equity Investment on the exchange market and is also the first publicly issued technology innovation corporate bond by a science and technology investment entity in Fujian Province. To date, C&D Emerging Industry Equity Investment remains the only private fund manager in Fujian Province to issue innovation bonds, tech innovation bonds, and tech innovation notes, playing a significant role in the sound development of private funds in the province.
It is noted that the bonds are divided into two types: Type A with a term of 2+1 years, a final issuance scale of 700 million yuan, and a coupon rate of 3.37%; Type B with a term of 3+2 years, a final issuance scale of 500 million yuan, and a coupon rate of 3.65%. The funds raised from this bond issuance will be fully utilized to support the development in the field of technological innovation, actively promoting the optimization and strengthening of strategic emerging industries such as advanced manufacturing, biomedicine, new materials, and electronic information.