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CATL to Issue 2 Billion Yuan of Tech Innovation Bonds

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Contemporary Amperex Technology (SHE:300750, HKG:3750) plans to issue 2 billion yuan of technological innovation corporate bonds with a five-year term, according to a Wednesday filing with the Shenzhen bourse.

The bonds are the second tranche of a 5-billion-yuan issuance and will have a rate ranging between 1.3% and 1.9%.

CATL have the option to adjust the coupon rate at the end of the third year, and investors will then have the option to sell back the bonds.

Shares fell 2% in Hong Kong and Shenzhen during afternoon trading on Wednesday.

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