Yicheng New Energy plans bond offering for lithium-ion battery anode material production
2026-06-30 14:40:16 [Print]
Henan Yicheng New Energy Co., Ltd. released the prospectus for its first tranche of 2026 technology innovation bonds, with the company aiming to raise up to RMB500 million (USD73.61 million) through the issuance. The bonds carry a 3+N-year term and are scheduled for issuance on June 29, 2026, with interest accrual beginning June 30. Huaxia Bank serves as the lead underwriter, bookrunner, and ongoing administrative agent.
According to the prospectus, RMB100 million (USD14.72 million) of the net proceeds will be allocated to research and development as well as production capacity expansion for lithium-ion battery anode materials – including the procurement of raw materials, equipment, and technological upgrades in the innovation space. The remaining RMB400 million (USD58.89 million) will be used to repay existing interest-bearing debt.
According to the prospectus, RMB100 million (USD14.72 million) of the net proceeds will be allocated to research and development as well as production capacity expansion for lithium-ion battery anode materials – including the procurement of raw materials, equipment, and technological upgrades in the innovation space. The remaining RMB400 million (USD58.89 million) will be used to repay existing interest-bearing debt.
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