CIMC Seeks to Lift NAFMII Debt-Financing Limit to RMB15.00 Billion for Liquidity and Growth

Bulletin Express
03/26

China International Marine Containers (Group) Co., Ltd. (CIMC) has applied to expand its existing debt-financing instrument (DFI) quota with the National Association of Financial Market Institutional Investors (NAFMII) from RMB6.00 billion to RMB15.00 billion.

The proposal, approved by CIMC’s board on 26 March 2026, aims to enhance liquidity reserves, fund medium- to long-term strategic projects and optimise financing costs by taking advantage of favourable interest-rate windows. The adjustment—subject to shareholder approval—leverages CIMC’s April 2025 NAFMII registration (valid through 9 April 2027), which already permits the company to issue multiple debt instruments under a unified framework without seeking fresh registration.

Key data and current status • Existing quota (Amount II): RMB6.00 billion, of which RMB3.00 billion has been issued; RMB3.00 billion remains available. • Proposed quota after adjustment: up to RMB15.00 billion, covering super & short-term commercial papers, short-term commercial papers, medium-term notes, perpetual notes, asset-backed notes and green DFIs. • Former single-product quota (Amount I) of RMB14.00 billion, approved in 2023, expired in 2025.

Issuance framework • Instruments may be issued publicly or privately in the inter-bank market via book building and placement. • Final coupon rates will align with prevailing market levels and CIMC’s AAA domestic credit rating. • Proceeds can be used to refinance bank loans or bonds, supplement working capital and meet other compliant funding needs.

Authorisations and timing Upon shareholder approval, the board—and specifically Chairman Mai Boliang or his delegate—will be empowered to determine instrument type, size, tenor, pricing, documentation and intermediary appointments within the registered period ending 9 April 2027.

CIMC states it is not listed as a dishonest entity and will continue to disclose information in accordance with regulatory requirements.

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