February 20th Yu Diamond (300064) announced on Thursday that the company's application for issuing short-term financing bonds was approved by the China Association of Interbank Market Dealers.
The registered amount of the short-term financing bill is RMB 500 million. The registration amount is valid within 2 years from the date of issuance of the notice. The lead underwriter is Guangfa Bank Co., Ltd. The company will issue short-term financing bonds in installments during the registration period. The first issue should be completed within 2 months after registration.
According to the previous plan, the funds raised by the company will be mainly used to return bank loans and supplement the liquidity required for the company's production and operation.
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