CATL plans to register and issue bonds not exceeding 40 billion yuan

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Beijing Business Daily (Reporter Ma Huanchang, Li Jiaxue) — On the evening of March 9, CATL (300750) announced that the company’s 14th meeting of the 4th Board of Directors, held on the same day, approved the proposal to register and issue bonds. To meet the company’s production, operation, and business development needs, optimize the debt structure, and reduce financing costs, the company plans to register and issue bonds not exceeding 40 billion yuan (including 40 billion yuan).

The announcement shows that regarding the issuance term, the bonds will have a maturity of no more than 5 years (including 5 years). The specific issuance period will be finalized based on the company’s actual funding needs and market conditions at the time of issuance. It can be a single-term product or a combination of multiple-term products. The funds raised will mainly be used for project construction, replenishing operating funds, repaying interest-bearing debt, and other purposes compliant with laws, regulations, and regulatory requirements, and will be used as specified in the issuance documents.

CATL stated that this proposal is subject to approval by the company’s 2025 annual general meeting before it can be implemented.

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