BYD: approved by the Securities and Futures Commission to raise 10 billion yuan in corporate bonds from qualified investors

SMM1, March 16: BYD Co., Ltd. received the "approval of BYD Co., Ltd. to publicly issue corporate bonds to QFII" issued by the China Securities Regulatory Commission (CSRC license [2020] 58), approving the company to publicly issue corporate bonds with a total face value of not more than 10 billion yuan to QFII.

BYD said that the first issue of the corporate bonds will be completed within 12 months from the date of approval of the CSRC, while the remaining issues will be completed within 24 months from the date of approval of the CSRC, BYD said that the first issue of the corporate bonds will be completed within 12 months from the date of approval of the CSRC.

In response to questions from the outside world about whether BYD is now poor money, on the evening of January 15, the relevant person in charge of BYD Dong's Secret Office responded to reporters that this does not mean that the company's capital chain is tense, but that the company makes full use of corporate bonds to adjust the company's long and short debt structure, as well as the normal means of ensuring sufficient working capital for the company's sustained and rapid development.