ZTE Corporation Announces the Issuance of 2022 Tranche V to Tranche VII Super and Short-term Commercial Paper
On 18 January 2022, the Company completed the issuance of 2022 Tranche V to Tranche VII SCP at the nominal value. 2022 Tranche V SCP issued at the nominal value of RMB100 each for an issue amount of RMB 1 billion. The term of the Tranche V SCP shall be 71 days and interest shall be accruable from 18 January 2022 at an interest rate of 2.30% and payable on 30 March 2022. China Construction
Bank Co. Ltd. is lead underwriter. 2022 Tranche VI SCP issued at the nominal value of RMB100 each for an issue amount of RMB 1 billion. The term of the Tranche VI SCP shall be 71 days and interest shall be accruable from 18 January 2022 at an interest rate of 2.30% and payable on 30 March 2022. China Merchants Bank Co. Ltd. is lead underwriter and Industrial Bank Co. Ltd. is joint lead underwriter. 2022 Tranche VII SCP issued at the nominal value of RMB100 each for an issue amount of RMB 2 billion. The term of the Tranche VII SCP shall be 71 days and interest shall be accruable from 18 January 2022 at an interest rate of 2.30% and payable on 30 March 2022. China Everbright
Bank Co. Ltd. is lead underwriter and Bank of China Co. Ltd. is joint lead underwriter. Proceeds raised through 2022 Tranche V to Tranche VII SCP were received in full on 18 January 2022 and will be applied to repay acceptance bill and loans.