China Resources Building outlines first 2024 tranche of notes

Chicago, April 17 – China Resources Building Materials Technology Holdings Ltd. outlined the broad terms of its first tranche of sustainability-linked medium-term notes to be issued in 2024 in a notice.

The RMB 1 billion of notes will have a three-year term.

The coupon will be determined via bookbuilding.

Proceeds will be used to repay domestic bank loans.

The sale will be subject to market conditions.

The company was previously known as China Resources Cement Holdings Ltd. Based in Hong Kong, it is the holding company of the cement and concrete operations of China Resources Group.

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