Huayou Cobalt Issues 700 Million Yuan in Sci-Tech Bonds; Shares Up 3%

MT Newswires Live

2025/06/11

Zhejiang Huayou Cobalt (SHA:603799) completed the issuance of sci-tech innovation super short-term bonds worth 700 million yuan, according to a Shanghai bourse filing on Wednesday.

The bonds has a 2.70% coupon rate and a term of 269 days.

China CITIC Bank (HKG:0998, SHA:601998) is the underwriter of the bond.

Proceeds from the issuance will be used to pay the Chinese cobalt producer's debt.

Huayou Cobalt's shares jumped over 3% in recent trade.

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