Guangzhou Automobile Group (HKG:2238, SHA:601238), or GAC, raised 3 billion yuan via the issue of green technology innovation bonds.
The three-year notes carry an interest rate of 1.79%, according to a Thursday filing with the Shanghai bourse..
China Construction Bank serves as lead underwriter. China Everbright Bank and Huaxia Bank serve as co-lead underwriters.
Shares of the automaker were down 2% in recent trades on the Shanghai and Hong Kong bourses.